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Shares of Popular
BPOP are lower on the session by 1.67%, currently trading at $1.77. The stock has been moving largely higher over the past three weeks and is currently testing the 50-day moving average.
Options traders are focusing on puts today. A short while ago the January 2012 $2.50 put traded 1,350 times on open interest of 20,011 contracts.
Put volume is outpacing call volume by 4 to 1.
Popular, Inc. is a diversified, publicly owned bank holding company. The company operates in two markets: Puerto Rico and Mainland United States.
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