Puts Purchased on Digital Realty Trust (DLR)

Shares of Digital Realty Trust DLR are higher on the session by 1.08%, currently trading $60.56. The stock has been a relative outperformer as of late; though the stock cratered during Mid-May, it has come roaring back and is now trading above the 50-day moving average. Protection has been purchased on the name today, namely the October $65 put, which was purchased 1,500 times on the offer. Open interest on the strike is only 11 contracts, indicating new, bearish positioning. Put volume is now running at 7.52x the daily average with 98% of all puts traded being purchases on the offer. Digital Realty Trust, Inc. operates through its operating partnership, Digital Realty Trust, L.P. The Company operates as a real estate investment trust (REIT). The Company focuses on properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users, including the information technology (IT), departments.