Notable Put Options Activity in ING Groep

Shares of ING Groep

are lower on the session by 5.30%, currently trading at $7.89. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the November 2011 $8.00 put traded 1,000 times on open interest of 1,049 contracts. Put volume is outpacing call volume by 6 to 1. ING Groep N.V. is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers. It operates in six business segments: Retail Banking, ING Direct, Commercial banking, Insurance Europe, Insurance Americas and Insurance Asia/Pacific.