Bears Logging onto AOL Inc. (AOL)
Shares of AOL Inc. (NYSE: AOL) are lower on the session by 0.75%, currently trading at $25.07. The stock has been moving largely higher over the past four months, off of a base around $20.00. AOL has managed to now regain the 18, 50, and 200-day moving averages.
Options traders believe shares may pause here and are looking for protection. A short while ago the January 2011 $20.00 put was purchased 1,200 times, on the offer, on open interest of 6,694 contracts.
Put volume is running at 3.59x the daily average, 76% on the offer.
AOL Inc. is a global Web services company with a suite of brands and offerings. The company's business spans online content, products and services that it offers to consumers, publishers and advertisers. The company markets its advertising offerings on both AOL Media and the Third Party Network under the brand AOL Advertising. It markets its offerings to publishers on the Third Party Network under the brand Advertising.com.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.