Notable Put Options Activity in Lender Processing Services

Shares of Lender Processing Services LPS are lower on the session by 5.08%, currently trading at $16.52. 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 $17.00 put traded 1,400 times on open interest of 1,975 contracts. Put volume is outpacing call volume 17 to 1. Lender Processing Services, Inc. is a provider of integrated technology and services to the mortgage lending industry, with mortgage processing and default management services in the United States.