Puts Purchased on Allied Irish Banks

Shares of Allied Irish Banks (NYSE: AIB) are lower on the session by 5.00%, currently trading at $2.09. The stock has been moving largely lower over the past six 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 August 2011 $3.50 put traded 1,000 times on open interest of 26 contracts. The Aug $4.00 put also traded 1,000 times on open interest of 2,060 contracts. Overall put volume is now running at 20.36x the daily average with 100% of all puts traded being purchases on the offer. Allied Irish Banks, p.l.c., together with its subsidiaries, conducts retail and commercial banking business in Ireland. It also provides corporate lending and capital markets activities from its head office at Bankcentre and from Dublin's International Financial Services Centre.