Puts Purchased on UBS

Shares of UBS

are lower on the session by 4.96%, currently trading at $13.99. 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 buying puts on the name today. A short while ago the 2011 December 2011 $12.00 put traded 2,900 times on open interest of 0 contracts. Overall put volume is now running at 3.52x the daily average with 87% of all puts traded being purchases on the offer. UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis.