Notable Put Options Activity in Western Union

Shares of Western Union

are higher on the session by 1.75%, currently trading at $15.36. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the February 2012 $15.00 put traded 2,100 times on open interest of 125 contracts. Put volume is outpacing call volume by 10 to 1. The Western Union Company is engaged in money movement and payment services. Western Union services are available through a global network of more than 445,000 agent locations in more than 200 countries and territories, with approximately 85% of those locations outside of the United States.