Puts Purchased on Jacobs Engineering Group

Shares of Jacobs Engineering Group JEC are higher on the session by 1.53%, currently trading at $43.78. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the July 2011 $42 put traded 1,800 times on open interest of 510 contracts. Overall put volume is now running at 5.40x the daily average with 96% of all puts traded being purchases on the offer. Jacobs Engineering Group Inc. is a technical professional services firm in the United States. It provides a range of technical, professional, and construction services.