Puts Purchased on Alpha Natural Resources

Shares of Alpha Natural Resources ANR are lower on the session by 1.95%, currently trading at $41.71. The stock has been moving largely lower over the past three months 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 $40.00 put traded 12,000 times on open interest of 1,555 contracts. Overall put volume is now running at 3.65x the daily average with 96% of all puts traded being purchases on the offer. Alpha Natural Resources, Inc. is a coal supplier in the United States. The company is a supplier and exporter of metallurgical coal for use in the steel-making process, and a supplier of thermal coal to electric utilities and manufacturing industries.