Puts Purchased on PG&E Corporation

Shares of PG&E Corporation PCG are higher on the session by 0.05%, currently trading at $42.08. 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 December 2011 $40.00 put was purchased 1,000 times, on the offer, on open interest of 128 contracts. Overall put volume is now running at 8.57x the daily average with 100% of all puts traded being purchases on the offer. PG&E Corporation is a holding company whose primary purpose is to hold interests in energy-based businesses. PG&E Corporation conducts its business principally through Pacific Gas and Electric Company, operating in northern and central California.