Puts Purchased on Knight Capital (NITE)

Shares of Knight Capital Group Inc. NITE are trading higher on the session by 3.35%, currently trading $14.52. The stock has been trending lower for the better part of six months; the stock is trading below both the 50-day and 200-day moving average. Options traders are buying puts today with the October $10 put purchased on the offer over 2,200 times; open interest on the strike was only 20 contracts, which signals new, bearish positioning in the name. Knight Capital Group, Inc. is a financial services firm that provides market access and trade execution services across multiple asset classes to buy- and sell-side firms, as well as offers capital markets services to corporate issuers and private companies.