Notable Put Options Activity in Community Health Systems

Shares of Community Health Systems CYH are higher on the session by 1.09%, currently trading at $20.87. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the September 2011 $21.00 put traded 1,500 times on open interest of 5,083 contracts. The Sept2011 $20.00 put also traded 1,600 times on 610 contracts. Put volume is dominating call volume 26 to 1. Community Health Systems, Inc. is an operator of hospitals in the United States. The company provides healthcare services, through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States.