Puts Purchased on CBS Corporation

Shares of CBS Corporation CBS are higher on the session by 1.57%, currently trading at $27.79. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $25.00 put traded 7,100 times on open interest of 16,283 contracts. Overall put volume is now running at 2.48x the daily average with 97% of all puts traded being purchases on the offer. CBS Corporation is a mass media company. CBS Corp. operates in segments, including Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor.