Puts Purchased on Omnicom Group Inc.

Shares of Omnicom Group Inc. OMC are higher on the session by 0.02%, currently trading at $45.33. The stock has been moving largely lower over the past four 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 January 2012 $40.00 put was purchased 1,200 times, on the offer, on open interest of 570 contracts. Overall put volume is now running at 3.36x the daily average with 77% of all puts traded being purchases on the offer. Omnicom Group Inc. is a holding company, providing professional services to the clients through multiple agencies around the world. It is engaged in providing advertising, marketing and corporate communication services.