Puts Purchased on Telefonos de Mexico (TMX)

Shares of Telefonos de Mexico, S.A.B. de C.V. (NYSE: TMX) are lower on the session by 0.60%, currently trading at $14.79. The stock has been moving largely higher over the past five months, though it has found resistance at $15.00 a number of times.

Options traders are buying protection on the name today. A short while ago the November $15.00 put was purchased 1,000 times, on the offer, on open interest of 1,836 contracts.

Put volume is now running at 13.52x the daily average with all puts traded being purchases on the offer.

Telefonos de Mexico, S.A.B. de C.V. owns and operates a fixed-line telecommunications system in Mexico. The company also provides other telecommunications and telecommunications-related services, such as corporate networks, Internet access services, information network management, telephone and computer equipment sales, and interconnection services to other carriers.

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