Puts Purchased on Health Net (HNT)

Shares of Health Net HNT are lower on the session by 0.23%, currently trading at $30.93. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the February 2011 $30.00 put was purchased 3,200 times, on the offer, on open interest of 491 contracts. Overall put volume is now running at 65.98x the daily average with 71% of all puts traded being purchases on the offer. Health Net, Inc. is an integrated managed care organization that delivers managed health care services through health plans and government-sponsored managed care plans. The company operates and conducts its businesses through its subsidiaries.