Puts Purchased on DineEquity, Inc. (DIN)
February 11, 2011 11:54 AM
Shares of DineEquity, Inc. (NYSE: DIN) are higher on the session by 2.05%, currently trading at $57.45. 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.
Options traders are buying puts on the name today. A short while ago the September 2011 $60.00 put was purchased 1,000 times, on the offer, for $9.60 on open interest of 0 contracts.
Overall put volume is now running at 9.18x the daily average with 80% of all puts traded being purchases on the offer.
DineEquity, Inc. is engaged in the development, operation and franchising of International House of Pancakes restaurants. The company owns, operates and franchises two restaurant concepts in the casual dining and family dining categories: Applebee's Neighborhood Grill and Bar, and IHOP.
