Puts Purchased on National Bank of Greece S.A.

Shares of National Bank of Greece S.A. NBG are lower on the session by 0.76%, currently trading at $1.30. 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 August 2011 $1.00 put was purchased 5,000 times, on the offer, on open interest of 1,556 contracts. Overall put volume is now running at 2.14x the daily average with 100% of all puts traded being purchases on the offer. National Bank of Greece S.A. is a Greece-based financial institution. It offers a range of integrated financial services, including corporate and investment banking, retail banking, leasing, stock brokerage, asset management and venture capital, insurance, real estate and consulting services.