Puts Purchased on National Bank of Greece (NBG)

Shares of National Bank of Greece SA NBG are lower on the session by 3.34%, currently trading at $2.89. The stock has been moving largely lower over the past six months and is currently in a technical downtrend. Options traders are buying puts on the name today. The February 2011 $2.00 put was purchased 1,500 times, on the offer, a short while ago; open interest on the strike is 505 contracts. Put volume is currently running at 3.04x the daily average. National Bank of Greece S.A. is a Greece-based financial institution. It offers a range of integrated financial services, including corporate and investment banking, retail banking, leasing, stock brokerage, asset management and venture capital, insurance, real estate and consulting services.