Puts Purchased on The AES Corporation (AES)
January 04, 2011 11:18 AM
Shares of The AES Corporation (NYSE: AES) are lower on the session by 0.56%, currently trading at $12.47. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Shares are testing a strong resistance level.
Options traders are buying puts on the name today. A short while ago the January 2011 $12.50 put was purchased 2,000 times, on the offer, on open interest of 9,109 contracts.
Overall put volume is now running at 3.01x the daily average with 100% of all puts traded being purchases on the offer.
The AES Corporation is a global power company. As of December 31, 2009, AES owns a portfolio of electricity generation and distribution businesses on five continents in 29 countries, with total capacity of approximately 40,300 Megawatts and distribution networks serving over 11 million people.
