Notable Put Options Activity in Principal Financial Group

Shares of Principal Financial Group PFG are higher on the session by 2.22%, currently trading at $22.56. 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 focusing on puts today. A short while ago the January 2011 $19.00 put traded 1,100 times on open interest of 50 contracts. Principal Financial Group, Inc. is a provider of retirement savings, investment and insurance products and services. As of December 31, 2010, the company had approximately 19.1 million customers.