Puts Purchased on The Charles Schwab Corporation

Shares of The Charles Schwab Corporation SCHW are lower on the session by 0.18%, currently trading at $16.33. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the July 2011 $15.00 put was purchased 800 times, on the offer, on open interest of 240 contracts. Overall put volume is now running at 2.82x the daily average with 77% of all puts traded being purchases on the offer. The Charles Schwab Corporation is a savings and loan holding company. The company engaged, through its subsidiaries, in securities brokerage, banking, and related financial services. As of December 31, 2010, the company had eight million active brokerage accounts and 1.5 million corporate retirement plan participants.