Bears Checking Out ING Groep N.V. (ING)
March 25, 2011 1:30 PM
Shares of ING Groep N.V. (NYSE: ING) are lower on the session by 1.65%, currently trading at $13.08. 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 April 2011 $13.00 put was purchased 1,000 times, on the offer, for $0.35 on open interest of 136 contracts.
Overall put volume is now running at 14.22x the daily average with 77% of all puts traded being purchases on the offer.
ING Groep N.V. is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers. It operates in six business segments: Retail Banking, ING Direct, Commercial banking, Insurance Europe, Insurance Americas and Insurance Asia/Pacific.
