Puts Purchased on Activision Blizzard

Shares of Activision Blizzard ATVI are flat session, currently trading at $11.38. The stock has been moving largely higher over the past four 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 July 2011 $11.00 put was purchased 5,000 times, on the offer, on open interest of 2,460 contracts. Overall put volume is now running at 10.35x the daily average with 99% of all puts traded being purchases on the offer. Activision Blizzard, Inc.is engaged in online, personal computer, console, handheld, and mobile game publisher. Through Activision Publishing, Inc., the company is an international publisher of interactive software products and content.