Options Brief: PHH Corporation

Shares of PHH Corporation PHH are lower on the session by 0.41%, trading at $20.88. Overall put volume is now running at 1223x the daily average, with 86% of all puts traded being purchases on the offer. 1,223 contracts have traded on the session so far. PHH Corporation is a outsource provider of mortgage and fleet management services. It conducts its business through three operating segments: Mortgage Production, Mortgage Servicing and Fleet Management Services.