Puts Purchased on The Travelers Companies

Shares of The Travelers Companies TRV are higher on the session by 0.45%, currently trading at $61.33. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the June 2011 $60.00 put was purchased 1,200 times, on the offer, on open interest of 383 contracts. Overall put volume is now running at 6.54x the daily average with 70% of all puts traded being purchases on the offer. The Travelers Companies, Inc. is a holding company. Through TRV's subsidiaries, the company is engaged in providing a range of commercial, and personal property and casualty insurance products and services to businesses, Government units, associations and individuals.