Puts Purchased on RadioShack

Shares of RadioShack (NYSE: RSH) are lower on the session by 1.79%, currently trading at $13.14. 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 $13.00 put traded 3,100 times on open interest of 591 contracts.

Overall put volume is now running at 4.26x the daily average with 80% of all puts traded being purchases on the offer.

RadioShack Corporation is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain. The company has two segments: U.S. RadioShack company-operated stores and kiosks.