Puts Bought on Universal Health (UHS)

Shares of Universal Health Services Inc. UHS are higher on the session by 0.65%, currently trading $41.84. The stock has been trading amazingly well over the past six months and is nearing new highs. Protection is being bought on the name today, though. The June $40 put was purchased 1,000 times near the offer for $0.60 a short while ago; only 51 contracts are currently open. Put volume is running at 4x the daily average. Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers.