Puts Purchased on Glimcher Realty Trust (GRT)
August 13, 2010 11:15 AM
Shares of Glimcher Realty Trust (NYSE: GRT) are lower on the session by 1.79%, currently trading at $6.04. The stock has been moving largely sideways for the past five months and is now trading below both the 50-day and 200-day moving averages.
Options traders are buying protection on the name today. The September $5.00 put was purchased 2,000 times, on the offer, a short while ago; open interest on the strike is 548 contracts. This signals new positioning on the name.
Put volume is now running at 166.67x the daily average.
Glimcher Realty Trust is an integrated real estate investment trust. The company owns, leases, acquires, develops and operates a portfolio of retail properties consisting of enclosed regional and regional malls and community shopping centers.
