Puts Purchased on Edison International (EIX)

Shares of Edison International EIX are lower on the session by 0.45%, currently trading at $35.65. The stock has been moving largely lower over the past four 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 March 2011 $35.00 put was purchased 1,600 times, on the offer, on open interest of only 875 contracts. This signals new positioning on the name.

Overall put volume is now running at 7.14x the daily average with 100% of all puts traded being purchases on the offer.

Edison International is the holding company for Southern California Edison Company, a California public utility corporation; Edison Mission Energy, an independent power producer, and Edison Capital, an infrastructure finance company.