Puts Purchased on Accenture (ACN)

Shares of Accenture plc ACN are lower on the session by 0.65%, currently trading at $37.92. The stock has been drifting lower over the past two months and is now below both the 50-day and 200-day moving averages. Options traders are buying protection once again. Today, the July $37.50 put was purchased 1,400 times, on the offer, for $1.00; there was no open interest on that strike. The July $35 put was also purchased, on the offer, for $0.40; open interest on that strike is 2,927 contracts. Put volume is now running at 6.20x the daily average. Accenture plc is a management consulting, technology services and outsourcing company. The company helps clients improve operational performance, deliver their products and services, increase revenues in markets and identify and enter new markets. Its business is organized in five operating groups: Communications & High Tech, Financial Services, Health & Public Service, Products and Resources.