Protection Purchased on Travelers (TRV)

Shares of Travelers Companies Inc. TRV are lower on the session by 0.23%, currently trading $48.31. The stock has recently sold off through the 50-day moving average and is now blowing through the 200-day moving average as well. Options traders are hedging against further downside in the name and are buying the October $45 put on the offer over 2,850 times. Open interest on the strike is only 784 contracts, which signals new, bearish positioning. The Travelers Companies, Inc. is a holding company. Through its subsidiaries, the Company is principally engaged in providing a range of commercial, and personal property and casualty insurance products and services to businesses, government units, associations and individuals.