Puts Purchased on ING Groep N.V.

Shares of ING Groep N.V.

are higher on the session by 1.12%, currently trading at $11.77. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the October 2011 $11.00 put was purchased 1,000 times, on the offer, on open interest of 7,866 contracts. Overall put volume is now running at 2.66x the daily average with 100% of all puts traded being purchases on the offer. ING Groep N.V. is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers. It operates in six business segments: Retail Banking, ING Direct, Commercial banking, Insurance Europe, Insurance Americas and Insurance Asia/Pacific.