Downside Purchased on SAIC Inc. (SAI)

Shares of SAIC, Inc. SAI are higher on the session by 3.03%, currently trading at $15.66. The stock has been moving largely lower over the past nine months, off from a recent high near $19.75. Options traders are buying protection on shares today as well. Just a short while ago the February $16.00 and $15.00 strikes were both purchased ~2,100 times, on the offer. Volume exceeded open interest on both strikes. Put volume is running at 85.04x the daily average with 83% of all puts traded being purchases on the offer. SAIC, Inc. is a provider of scientific, engineering, systems integration and technical services and solutions to all branches of the United States military, agencies of the United States Department of Defense, the intelligence community, the United States Department of Homeland Security and other United States Government civil agencies, state and local government agencies, foreign governments and customers in select commercial markets. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.