Puts Purchased on Frontier Communications Corporation (FTR)

Shares of Frontier Communications Corporation FTR are lower on the session by 0.53%, currently trading at $9.42. The stock has 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 March 2011 $9.0 put was purchased 1,284 times, on the offer, for $0.10 on open interest of 1,370 contracts.. Overall put volume is now running at 5.14x the daily average with 100% of all puts traded being purchases on the offer. Frontier Communications Corporation, formerly Citizens Communications Company, is a communications company providing services to rural areas and small and medium-sized towns and cities.