Puts Purchased on China Unicom (CHU)

Shares of China Unicom Ltd. CHU are higher on the session by 0.51%, currently trading at $13.69. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying protection on the name today. The September $12.00 put was purchased 2,00 times, on the offer, a short while ago; open interest on the strike is 4 contracts, signaling new positioning on the strike. Put volume is now running at 100x the daily average. China Unicom Limited is an integrated telecommunications operator in China providing mobile voice and value-added, fixed-line voice and value-added, fixed-line broadband, data communications and other telecommunications services to its customers through two business segments comprised of mobile services and fixed-line services. The $2.5 Million Market-Beating Secret is Available. Get it here for free.