Puts Purchased on Ctrip.com International

Shares of Ctrip.com International CTRP are lower on the session by 0.26%, currently trading at $42.50. The stock has been moving largely lower over the past four weeks and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the June 2011 $40.00 put was purchased 7,000 times, on the offer, on open interest of 1,376 contracts. Overall put volume is now running at 6.39x the daily average with 68% of all puts traded being purchases on the offer. Ctrip.com International Ltd. is a travel service provider for hotel accommodations, airline tickets and packaged tours in China. It also sells packaged tours that include transportation and accommodations, as well as guided tours in some instances.