Puts Purchased on First Horizon National Corporation

Shares of First Horizon National Corporation FHN are lower on the session by 1.08%, currently trading at $10.11. 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 November 2011 $8.00 put was purchased 1,200 times, on the offer, on open interest of 212 contracts. Overall put volume is now running at 3.57x the daily average with 98% of all puts traded being purchases on the offer. First Horizon National Corporation is a bank holding company. It provides financial services primarily through its principal subsidiary, First Tennessee Bank National Association, and its subsidiaries.