Puts Purchased on New York Community Bancorp (NYB)

Shares of New York Community Bancorp NYB are higher on the session by 0.41%, currently trading at $17.06. The stock had been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the January 2011 $15.00 put was purchased 1,000 times, on the offer, on open interest of 5,128 contracts. Overall put volume is now running at 3.87x the daily average with 98% of all puts traded being purchases on the offer. New York Community Bancorp, Inc. is a bank holding company and a producer of multi-family mortgage loans in New York City. The company has two bank subsidiaries: New York Community Bank, a thrift with 242 branches serving customers throughout Metro New York, New Jersey, Florida, Ohio, and Arizona, and New York Commercial Bank, with 35 branches serving customers in Manhattan, Queens, Brooklyn, Long Island, and Westchester County in New York.