Puts Purchased on Barclays

Shares of Barclays BCS are higher on the session by 0.27%, currently trading at $15.03. 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 September 2011 $11.00 put traded 12,500 times on open interest of 0 contracts. Overall put volume is now running at 4.21x the daily average with 99% of all puts traded being purchases on the offer. Barclays PLC is a global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management.