Puts Purchased on Sanofi

Shares of Sanofi SNY are lower on the session by 6.01%, currently trading at $32.06. The stock has been moving largely lower over the past two 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 2011 September 2011 $31.00 put traded 1,100 times on open interest of 328 contracts. Overall put volume is now running at 3.59x the daily average with 99% of all puts traded being purchases on the offer. Sanofi, formerly Sanofi-Aventis, is a global and diversified healthcare company. The company discovers, develops and distributes therapeutic solutions focused on patients' needs. Sanofi focuses on the field of healthcare with seven growth platforms: diabetes solutions, human vaccines, innovative drugs, rare diseases, consumer healthcare, emerging markets and animal health.