Puts Purchased on NRG Energy, Inc. (NRG)
April 12, 2011 2:01 PM
Shares of NRG Energy, Inc. (NYSE: NRG) are lower on the session by 0.56%, currently trading at $21.35. The stock has been moving largely higher over the past four months and is currently trading above the 200-day moving average.
Options traders are buying puts on the name today. A short while ago the June 2011 $20.00 put was purchased 1,100 times, on the offer, on open interest of 8,055 contracts.
Overall put volume is now running at 3.35x the daily average with 100% of all puts traded being purchases on the offer.
NRG Energy, Inc. is a wholesale power generation company. It is engaged in the ownership, development, construction and operation of power generation facilities, the transacting in and trading of fuel and transportation services, the trading of energy, capacity and related products in the United States and select international markets, and the supply of electricity and energy services to retail electricity customers in the Texas market.
