Puts Purchased on TCF Financial Corporation (TCB)

Shares of TCF Financial Corporation TCB are lower on the session by 0.07%, currently trading at $15.25. The stock has been moving largely lower over the past six months, though recently popped higher and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the December $15.00 put was purchased 1,000 times, on the offer, on open interest of 1,537 contracts. Overall put volume is now running at 2.97x the daily average with 97% of all puts traded being purchases on the offer. TCF Financial Corporation is a financial holding company. The company's subsidiary is TCF National Bank. TCF Bank operates bank branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota (TCF's primary banking markets).