Puts Purchased on BMC Software

Shares of BMC Software BMC are lower on the session by 0.33%, currently trading at $51.22. The stock has been moving largely lower over the past six weeks and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $49.00 put traded 1,500 times on open interest of 340 contracts. Overall put volume is now running at 6.10x the daily average with 84% of all puts traded being purchases on the offer. BMC Software, Inc. is a software vendor. It provides systems management, service management and automation solutions primarily for large enterprises.