Puts Purchased on Ares Capital Corp. (ARCC)
June 25, 2010 11:49 AM
Shares of Ares Capital Corp. (NASDAQ: ARCC) are lower on the session by 1.37%, currently trading at $12.99. The stock has been drifting lower for the past two months and is now in danger of breaking down, through the 200-day moving average.
Options traders are picking up puts on the name today. The July $12.50 put was purchased 1,950 times, on the offer; open interest on the strike is 8,821 contracts. Put volume is now running at 3.10x the daily average.
Ares Capital Corporation is a specialty finance company, which is a closed-end, non-diversified management investment company. Ares Capital's investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in United States middle-market companies
