Notable Put Options Activity in New Oriental Education & Technology

Shares of New Oriental Education & Technology EDU are higher on the session by 1.01%, currently trading at $27.07. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the January 2012 $20.00 put traded 500 times on open interest of 2,010 contracts. The Jan2012 $22.50 put is also active. Put volume has been elevated the past three days. New Oriental Education & Technology Group Inc. is a provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence.