Puts Purchased on Adobe Systems

Shares of Adobe Systems ADBE are higher on the session by 0.38%, currently trading at $26.25. The stock has been moving largely lower over the past three 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 October 2011 $23.00 put traded 2,000 times on open interest of 182 contracts. Overall put volume is now running at 2.16x the daily average with 89% of all puts traded being purchases on the offer. Adobe Systems Incorporated offers a range of business, Web and mobile software and services used by professionals, knowledge workers, developers, marketers, enterprises and consumers for creating, managing, delivering, optimizing and engaging with content and experiences across multiple operating systems, devices and media.