Puts Purchased on The Ensign Group

Shares of The Ensign Group ENSG are lower on the session by 1.97%, currently trading at $30.35. The stock has been moving largely higher over the past five months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $30 put traded 1,000 times on open interest of 0 contracts. Overall put volume is now running at 139.38x the daily average with 96% of all puts traded being purchases on the offer. The Ensign Group, Inc. is a holding company. As of December 31, 2010, the company, through its subsidiaries, provided skilled nursing and rehabilitative care services through the operation of 82 facilities and one home health and hospice operation, located in California, Arizona, Texas, Washington, Utah, Colorado and Idaho.