Protection Purchased on Accenture (ACN)

Shares of Accenture PLC ACN are lower on the session by 0.18%, currently trading at $39.19. The stock has been trading lower over the past three months, though it is off its current lows. Options traders are buying protection today. The August $40.00 put was purchased 2,000 times earlier in the session, on the offer, on open interest of 1,926 contracts. This appears to be fresh put buying. Put volume is now running at 2.06x 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.