Puts Purchased on Jazz Pharmaceuticals

Shares of Jazz Pharmaceuticals, Inc. JAZZ are higher on the session by 3.88%, currently trading at $36.15. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the July 2011 $33.00 put traded 700 times on open interest of 0 contracts. Overall put volume is now running at 14.82x the daily average with 88% of all puts traded being purchases on the offer. Jazz Pharmaceuticals, Inc. is a specialty pharmaceutical company focusing on the development and commercialization of pharmaceutical products to meet unmet medical needs in neurology and psychiatry.