Puts Purchased on McKesson Corp. (MCK)

Shares of McKesson Corp. MCK are lower on the session by 2.12%, currently trading at $64.69. The stock has been moving largely higher over the past six months, though it has broken down through the 50-day moving average as of late. Options traders are buying puts on the name today. Though action has been in small lots, put volume is currently running at 3.69x the daily average with 81% of all puts traded being purchases on the offer. Traders were buying the $65.00 and $62.50 strikes in multiple months. McKesson Corporation provides medicines, pharmaceutical supplies, information and care management products and services across the healthcare industry.