Puts Purchased on Deutsche Bank AG (DB)

Shares of Deutsche Bank AG DB are lower on the session by 2.84%, currently trading at $60.16. The stock has been moving largely higher over the past five months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the May 2011 $60.00 put was purchased 4,000 times, on the offer, on open interest of only 736 contracts. Overall put volume is now running at 12.11x the daily average with 74% of all puts traded being purchases on the offer. Deutsche Bank AG is a global investment bank. The company offers a variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world.