Put activity began heating up in Hartford Financial last week and is showing up again Thursday, as the insurance company's stock continues to slide.
Today's options activity is focused on the June 14 puts, where a whopping 25,000 contracts traded in the session's first 90 minutes alone, according to OptionMonster's tracking systems.
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That dwarfs the average full-day volume of 920 puts at that strike and is more than 4.5 times open interest.
HIG stock is off some 4.5 percent in midday trading to about $14. The shares are down more than 17 percent since trading over $17 just on May 20.
I am long puts in HIG.
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American International Group (AIG)