Puts Purchased on Time Warner Cable (TWC)

Shares of Time Warner Cable TWC are higher on the session by 0.18%, currently trading at $62.16. The stock has been moving largely higher over the past six months and is trending higher above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the November $60.00 put was purchased 2,000 times, on the offer, on open interest of 3,113 contracts. Overall put volume is now running at 4.15x the daily average with 95% of all puts traded being purchases on the offer. Time Warner Cable Inc. is a cable operator in the United States, with systems located mainly in five geographic areas: New York State (including New York City), the Carolinas, Ohio, southern California (including Los Angeles) and Texas.