Puts Purchased on Atlas Energy (ATLS)

Shares of Atlas Energy Inc. ATLS are higher on the session by 0.27%, currently trading at $29.58. The stock has been moving largely lower over the past three months, off from recent highs near $38.50. Options traders are buying puts on the name today. The September $22.50 put was purchased 1,000 times, on or near the offer, a short while ago; open interest on the strike is 1,030 contracts. Put volume is now running at 4.68x the daily average. Atlas Energy, Inc., formerly Atlas America, Inc., is an independent developer and producer of natural gas and oil, with operations in the Appalachian Basin, the Michigan Basin and the Illinois Basin. You Can't Afford To Miss Out On These Money Making Trading Ideas