Shares of Bank of Ireland IRE are lower on the session by 2.44%, currently trading at $2.00. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages.
Options traders are buying puts on the name today. A short while ago the October 2011 $3.00 put was purchased 1,000 times, on the offer, for $1.40 on open interest of 1,000 contracts.
Overall put volume is now running at 5.43x the daily average with 90% of all puts traded being purchases on the offer.
Bank of Ireland and its subsidiaries provide a range of banking and other financial services. It operates in five segments: Retail Republic of Ireland, Bank of Ireland Life, UK Financial Services, Capital Markets and Group Centre.
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