Notable Put Options Activity in Lender Processing Services

Shares of Lender Processing Services LPS are higher on the session by 1.20%, currently trading at $15.16. 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 December 2011 $13.00 put traded 2,000 times on open interest of 7,336 contracts. Put volume is outpacing call volume by 333 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.