Puts Purchased on Northern Trust Corporation (NTRS)

Shares of Northern Trust Corporation NTRS are lower on the session by 1.17%, currently trading at $48.79. The stock has been moving largely lower over the past six months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the July 2011 $50.00 put was purchased 3,000 times, on the offer, on open interest of 1,234 contracts. Overall put volume is now running at 6.00x the daily average with 99% of all puts traded being purchases on the offer. Northern Trust Corporation is a financial holding company. Northern Trust provides asset servicing, fund administration, investment management, banking and fiduciary solutions for corporations, institutions and individuals worldwide.