Puts Sold on Liberty Global (LBTYA)

Shares of Liberty Global Inc. LBTYA are higher on the session by 4.02%, currently trading $25.35. The stock has been falling along with the overall market and is currently struggling to hold the 200-day moving average. One trader is betting that the level will hold given that they are selling out of their long put position in the name. I am seeing the January 2011 $12.50 put sold on the bid 7,500 times today; open interest on the strike is 7,632 contracts. Liberty Global, Inc. is an international provider of video, voice and broadband Internet services, with consolidated broadband communications and/or direct-to-home (DTH) satellite operations.