Puts Purchased on Liberty Media Corporation

Shares of Liberty Media Corporation LSTZA are lower on the session by 1.09%, currently trading at $73.67. The stock has been moving largely lower over the past six weeks and is currently trading below the 500-day moving average. Options traders are buying puts on the name today. A short while ago the July 2011 $70.00 put was purchased 2,200 times, on the offer, on open interest of 285 contracts. Overall put volume is now running at 31.10x the daily average with 100% of all puts traded being purchases on the offer. Liberty Media Corporation is a holding company, and through its subsidiaries, is engaged in the video and online commerce, media, communications and entertainment industries.