Puts Purchased on AmeriSource Bergen (ABC)

Shares of AmeriSource Bergen Corp. ABC are higher on the session by 0.19%, currently trading at $32.27. The stock has been running higher and higher over the past six months and is hitting new 52-highs. Options traders are continuing to purchase protection on the name. Today, the January 2011 $15 put was purchased 1,500 times, on the offer, for $0.10. Open interest on the strike is 3,405 contracts. Put volume is now running at 14x the daily average. Amerisource Bergen Corporation is a pharmaceutical services company, with operations in the United States and Canada. Servicing both healthcare providers and pharmaceutical manufacturers in the pharmaceutical supply channel, the Company provides drug distribution and related services.