Puts Purchased on PPL Corporation (PPL)

Shares of PPL Corporation PPL are lower on the session by 0.46%, currently trading at $25.70. The stock has been moving largely lower over the past six 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 April $26.00 put was purchased 4,200 times, on the offer, on open interest of 1,167 contracts. Overall put volume is now running at 3.00x the daily average with 96% of all puts traded being purchases on the offer. PPL Corporation is an energy and utility holding company. Through subsidiaries, PPL generates electricity from power plants in the northeastern, northwestern and southeastern the United States, markets wholesale or retail energy primarily in northeastern and northwestern portions of the United States, delivers electricity to customers in Pennsylvania, Kentucky, Virginia, Tennessee and the United Kingdom and delivers natural gas in Kentucky.