Puts Purchased on UBS AG (UBS)

Shares of UBS AG UBS are lower on the session by 0.34%, currently trading at $17.75. The stock has been moving largely higher over the past four months, off of a recent low near $12.25. Options traders are betting that the recent run has come to an end, though. A short while ago the October $18.00 put was purchased 1,000 times, on the offer, for $0.60. Put volume is now running at 2.07x the daily average, 94% on the offer. UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. UBS AG is the parent company of the UBS Group. The operational structure of the Group comprises the Corporate Center and four business divisions: Wealth Management & Swiss Bank, Wealth Management Americas, Global Asset Management and the Investment Bank. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.