Puts Purchased on Itron, Inc.

Shares of Itron, Inc. ITRI are lower on the session by 5.95%, currently trading at $50.24. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the June 2011 $50.00 put was purchased 760 times, on the offer, on open interest of 509 contracts. Overall put volume is now running at 10.09x the daily average with 69% of all puts traded being purchases on the offer. Itron, Inc. provides a portfolio of products and services to utilities for the energy and water markets worldwide. The company, along with its subsidiaries, is a provider of metering, data collection, and utility software solutions.