Puts Purchased on VeriSign, Inc. (VRSN)

Shares of VeriSign, Inc.

are lower on the session by 2.43%, currently trading at $31.78. The stock has been moving largely higher over the past six months, more over the past year; shares are trading just off of a new 52-week high, which was set yesterday. Options traders are buying protection on the name today. A short while ago the December $28.00 put was purchased 10,000 times, on the offer, on open interest of 11,491 contracts. Put volume is now running at 5x the daily average, 98% on the offer. VeriSign, Inc. operates in two segments: Internet Infrastructure and Identity Services, which consists of Naming Services and Authentication Services; and Other Services, which consists of the continuing operations of its Content Portal Services, its remaining non-core business, and legacy products and services from divested businesses.