Puts Sold on BioScrip Inc. (BIOS)

Shares of BioScrip Inc. BIOS are higher on the session by 1.53%, currently trading at $4.31. The stock recently cratered lower, on high volume, after a less than stellar earnings report. Options traders are betting that the stock has bottomed and are selling puts on the name. The January 2011 $5.00 puts was sold 1,000 times, near the bid, earlier in the session. There was no open interest on the strike. Put volume is now running at 378x the daily average. BioScrip, Inc. is a specialty pharmaceutical healthcare organization that partners with patients, physicians, healthcare payors and pharmaceutical manufacturers to provide access to medications and management solutions to optimize outcomes for chronic and other complex healthcare conditions.