Puts Purchased on AllianceBernstein Holding L.P (AB)

Shares of AllianceBernstein Holding L.P AB are lower on the session by 1.15%, currently trading at $21.43. The stock has been moving largely lower over the past six 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 July 2011 $20.00 put was purchased 1,000 times, on the offer, for $0.85 on open interest of only 573 contracts. Overall put volume is now running at 11.54x the daily average with 94% of all puts traded being purchases on the offer. AllianceBernstein Holding L.P is an investment firm that provides research, diversified investment management and related services to a range of clients. The company also provides distribution, shareholder servicing and administrative services.