Puts Purchased on Cintas

Shares of Cintas CTAS are lower on the session by 1.74%, currently trading at $30.52. The stock has been moving largely higher over the past six 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 $30.00 put traded 1,100 times on open interest of 264 contracts. Overall put volume is now running at 9.79x the daily average with 98% of all puts traded being purchases on the offer. Cintas Corporation provides highly specialized products and services to businesses of all types throughout the United States, Latin America, Europe and Asia.