Puts Purchased on Constellation Energy Group (CEG)

Shares of Constellation Energy Group CEG are higher on the session by 0.21%, currently trading at $32.95. The stock has been moving largely higher over the past four 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 July 2011 $30.00 put was purchased 2,5 00 times, on the offer, on open interest of 3,250 contracts. Overall put volume is now running at 4.73x the daily average with 80% of all puts traded being purchases on the offer. Constellation Energy Group, Inc. is an energy company that conducts its business through various subsidiaries, including a merchant energy business and Baltimore Gas and Electric Company. The company's merchant energy business is provider of energy-related products and services for a variety of customers.