Puts Purchased on Ares Capital

Shares of Ares Capital (NASDAQ: ARCC) are higher on the session by 1.86%, currently trading at $14.53. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average.

Options traders are buying puts on the name today. Though action has been primarily in small lots, overall put volume is now running at 2.36x the daily average with 90% of all puts traded being purchases on the offer.

Ares Capital Corporation is a specialty finance company that is a closed-end, non-diversified management investment company. Ares Capital's investment objective is to generate both