Puts Purchased on Medco Health Solutions (MHS)

Shares of Medco Health Solutions Inc. MHS are lower on the session by 2.98%, currently trading at $47.81. The stock has been moving largely lower over the past six months, accelerating that slide as of late Options traders are buying puts on the name today. The August $45.00 put was purchased 7,000 times, on the offer, a short while ago; open interest on the strike is only 75 contracts, signaling new positioning on the strike. It is possible that this is hedge buying to long shares. Put volume is now running at 7.24x the daily average. Medco Health Solutions, Inc. is a healthcare company. It provides clinically-driven pharmacy services designed to improve the quality of care and lower total healthcare costs for private and public employers, health plans, labor unions and government agencies of all sizes, and for individuals served by Medicare Part D Prescription Drug Plans.