Puts Purchased on Associated Banc-Corp (ASBC)

Shares of Associated Banc-Corp ASBC are higher on the session by 0.53%, currently trading at $13.27. The stock has been moving largely lower over the past six months and is currently hovering around the 50-day and 200-day moving averages. The stock is at a key pivot point. Options traders are buying puts on the name today. A short while ago the November $12.50 put was purchased 1,000 times, on the offer, on open interest of 1,631 contracts. Overall put volume is now running at 9.89x the daily average, 95% on the offer. Associated Banc-Corp is a bank holding company. During the year ended December 31, 2009, the company owned one nationally chartered commercial bank headquartered in Wisconsin, serving local communities in Wisconsin, Illinois and Minnesota.