Puts Bought on Symantec Corporation (SYMC)

Shares of Symantec Corporation SYMC are higher on the session by 1.93%, currently trading at $18.22. The stock has been moving largely higher over the past six months 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 July 2011 $16.00 put was purchased ~5,000 times, on the offer, on open interest of 354 contracts.

Overall put volume is now running at 4.71x the daily average with 93% of all puts traded being purchases on the offer.

Symantec Corporation is a global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information. It conducts the business in three geographic regions: Americas, which is comprised of the United States, Canada, and Latin America; Europe, the Middle East and Africa; and Asia Pacific Japan.