Puts Purchased on VanceInfo Technologies

Shares of VanceInfo Technologies VIT are lower on the session by 4.15%, currently trading at $21.01. The stock has been moving largely lower over the past six weeks and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the July 2011 $12.50 put was purchased 1,200 times, on the offer, on open interest of 22 contracts. The Aug $17.50 put is also active. Overall put volume is now running at 2.18x the daily average with 71% of all puts traded being purchases on the offer. VanceInfo Technologies Inc. is an information technology service provider and an offshore software development company in China. The company's range of IT services includes research and development services, enterprise solutions, application development and maintenance, testing, as well as globalization and localization.