Puts Purchased on Getty Realty Corp (GTY)

Shares of Getty Realty Corp GTY are lower on the session by 0.41%, currently trading at $29.27. The stock has been moving largely higher over the past six months and is trending higher above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the December $25.00 put was purchased 1,600 times, on the offer, on open interest of 1,153 contracts. This appears to be new positioning on the strike. Overall put volume is now running at 21.42x the daily average with 75% of all puts traded being purchases on the offer. Getty Realty Corp is a real estate investment trust in the United States specializing in the ownership and leasing of retail motor fuel and convenience store properties and petroleum distribution terminals. As of December 31, 2009, it owned 910 properties and leased 161 additional properties. Its properties are located in the Northeast and the Mid-Atlantic regions in the United States.