Puts Purchased on Pepco Holdings, Inc. (POM)

Shares of Pepco Holdings, Inc. POM are lower on the session by 0.26%, currently trading at $19.21. The stock has been moving largely higher over the past six months and is currently trending higher above the 50-day and 200-day moving averages. Options traders are buying puts on POM today. A short while ago the May 2011 $15.00 put was purchased 1,500 times, on the offer, on open interest of only 25 contracts. This signals new positioning on the name. Overall put volume is now running at 78.90x the daily average with 65% of all puts traded being purchases on the offer. Pepco Holdings, Inc. is a diversified energy company. The company through its operating subsidiaries, is engaged primarily in two businesses: The distribution, transmission and default supply of electricity and the delivery and supply of natural gas.