Puts Purchased on Bank of Ireland

Shares of Bank of Ireland IRE are higher on the session by 1.89%, currently trading at $1.62. 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 October 2011 $6.00 put was purchased 580 times, on the offer, on open interest of 1,010 contracts. Overall put volume is now running at 2.49x the daily average with 99% of all puts traded being purchases on the offer. Bank of Ireland and its subsidiaries provide a range of banking and other financial services. It operates in five segments: Retail Republic of Ireland, Bank of Ireland Life, UK Financial Services, Capital Markets and Group Centre.