Puts Purchased on Redwood Trust (RWT)

Shares of Redwood Trust Inc. RWT are lower on the session by 2.03%, currently trading at $14.99. The stock has been trading largely sideways for the past three months, hovering near the 50-day and 200-day moving averages. Options traders are buying protection on the name today. The August $15 put was purchased 1,500 times, on the offer, for $0.75 earlier in the session; open interest on the strike is only 39 contracts, signaling new, bearish positioning on the strike. Put volume is now running at 50x the daily average. Redwood Trust, Inc. is a financial institution focused on investing in, financing, and managing residential and commercial real estate loans and securities. The Company is structured as a real estate investment trust (REIT).