Puts Purchased on UBS AG (UBS)

Shares of UBS AG UBS are higher on the session by 0.83%, currently trading at $18.20. The stock has been moving largely higher over the past three months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the June 2011 $16.00 put was purchased 1,000 times, on the offer, for $0.30 on open interest of 1,239 contracts. Overall put volume is now running at 2.86x the daily average with 78% of all puts traded being purchases on the offer. UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. UBS AG is the parent company of the UBS Group.