Protection Purchased on Sempra Energy (SRE)

Shares of Sempra Energy (NYSE: SRE) are higher on the session by 1.25%, currently trading $45.52. The stock has been drifting lower for the past few months with no appreciable bounce; it is firmly below the 50-day and 200-day moving averages as well.

I am seeing more puts bought on the name today with the July $40 put purchased 1,750 times; open interest on the strike is 11,295 contracts. Put volume is running at 2.17x the daily average.

Sempra Energy is an energy services holding company. Sempra Energy has five segments: San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Commodities, Sempra Generation and Sempra Pipelines & Storage.

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