Puts Purchased on Entergy Corporation (ETR)

Shares of Entergy Corporation ETR are higher on the session by 1.50%, currently trading at $71.57. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the January 2011 $60.00 put was purchased 1,600 times, on the offer, on open interest of 5,532 contracts. Overall put volume is now running at 5.66x the daily average with 98% of all puts traded being purchases on the offer. Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail electric distribution operations. It owns and operates power plants with approximately 30,000 megawatt of aggregate electric generating capacity.