Puts Purchased on AstraZeneca PLC (AZN)

Shares of AstraZeneca PLC AZN are lower on the session by 0.23%, currently trading at $49.16. The stock has been moving largely lower over the past three months and is currently hovering between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the December $50.00 put was purchased 3,200 times, on the offer, on open interest of 5,593 contracts. Overall put volume is now running at 4.06x the daily average with 91% of all puts traded being purchases on the offer. AstraZeneca PLC is a biopharmaceutical company. The company focuses on the discovery, development and commercialization of prescription medicines for six areas of healthcare.