Puts Purchased on PSS World Medical (PSSI)

Shares of PSS World Medical Inc. PSSI are lower on the session by 0.79%, currently trading at $18.90. The stock has been moving largely lower over the past three months, though is now trading near support at $18.50. Options traders are buying puts on the name today. The August $17.50 put was purchased 1,000 times, on the offer, earlier in the session; open interest on the strike is only 1,004 contracts. Put volume is currently running at 2.88x the daily average. PSS World Medical, Inc. is a distributor of medical products and equipment, pharmaceutical products, healthcare information technology and billing services to alternate-site healthcare providers, including physician offices, long-term care and assisted living facilities, home healthcare and hospice providers.