Puts Purchased on China Security & Surveillance Technology

Shares of China Security & Surveillance Technology CSR are lower on the session by 5.10%, currently trading at $4.09. The stock has been moving largely lower over the past six 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 July 2011 $2.50 put was purchased 980 times, on the offer, on open interest of 2 contracts. Overall put volume is now running at 4.76x the daily average with 78% of all puts traded being purchases on the offer. China Security & Surveillance Technology, Inc. is engaged, through its indirect Chinese subsidiaries, in the manufacturing, distributing, installing and servicing of surveillance and safety products, systems and services, and developing surveillance and safety related software primarily for governmental entities and their affiliates, non-profit organizations, and commercial entities in China.