Puts Purchased on Dominion Resources (D)

Shares of Dominion Resources D are higher on the session by 0.24%, currently trading at $42.41. The stock has been moving largely lower over the past three months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the December $45.00 put was purchased 999 times, on the offer, for $2.70 on open interest of 3,373 contracts. Overall put volume is now running at 7.69x the daily average with 98% of all puts traded being purchases on the offer. Dominion Resources, Inc. is a producer and transporter of energy. The company's portfolio of assets includes approximately 27,500 megawatts of generation; 6,000 miles of electric transmission lines; 56,000 miles of electric distribution lines in Virginia and North Carolina; 12,000 miles of natural gas transmission, gathering and storage pipeline; 21,700 miles of gas distribution pipeline, exclusive of service lines of two inches in diameter or less, and 1.3 trillion cubic feet equivalent of natural gas and oil reserves.