Puts Purchased on JetBlue Airways

Shares of JetBlue Airways JBLU are lower on the session by 8.10%, currently trading at $3.97. 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 December 2011 $3.00 put traded 950 times on open interest of 0 contracts. Overall put volume is now running at 2.86x the daily average with 99% of all puts traded being purchases on the offer. JetBlue Airways Corporation is a passenger airline that operates primarily on point-to-point routes with its fleet of 115 Airbus A320 aircraft and 45 EMBRAER 190 aircraft, such as the youngest and most fuel-efficient fleet of any major United States airline.