Vote of Confidence in Boston Properties?

Shares of Boston Properties Inc. BXP are off slightly this morning by 0.25% to $80.96. The stock recently held the 50-day moving average and moved higher, though is still trading below its most recent high of $83.42. Whether the stock will make a run at that number remains to be seen, but it appears that one trader is betting the stock holds current levels. The June $75 put appears to have been sold between the bid and ask for $2.10 over 1,800 times. Volume exceeds the open interest of 88 contracts, signaling new positioning. I would venture to say that these puts were sold in Boston Properties as the volatility is running very high in the name (at 12-month highs). It appears that the trader is taking advantage of this to initiate a long position.