Notable Put Options Activity in Laboratory Corporation of America

Shares of Laboratory Corporation of America LH are lower on the session by 0.58%, currently trading at $85.84. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $80.00 put, which has traded 1,200 times on open interest of 1,186 contracts. Put volume is outpacing call volume by 8 to 1. Laboratory Corporation of America Holdings is an independent clinical laboratory company in the United States. The company has a national network of 51 primary laboratories and over 1,700 patient service centers along with a network of branches and STAT laboratories, which are laboratories that have the ability to perform certain routine tests quickly and report the results to the physician immediately.