Puts Purchased on Lincoln Educational Services (LINC)

Shares of Lincoln Educational Services LINC are lower on the session by 1.86%, currently trading at $15.31. The stock has been moving largely higher over the past four months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the February 2011 $15.00 put was purchased 1,300 times, on the offer, on open interest of 2,343 contracts. Overall put volume is now running at 6.61x the daily average with 95% of all puts traded being purchases on the offer. Lincoln Educational Services Corporation provides career-oriented post-secondary education services in the United States. It offers degree and diploma programs for high school graduates and working adults in the areas of health sciences, automotive technology, skilled trades, hospitality services, and business and information technology.