Puts Purchased on Nu Skin Enterprises

Shares of Nu Skin Enterprises NUS are lower on the session by 1.01%, currently trading at $39.38. The stock has been moving largely higher over the past three 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 August 2011 $40.00 put traded 1,300 times on open interest of 1,694 contracts. Overall put volume is now running at 7.31x the daily average with 97% of all puts traded being purchases on the offer. Nu Skin Enterprises, Inc. is a global direct selling company that develops and distributes personal care products and nutritional supplements that are sold worldwide under the Nu Skin and Pharmanex brands and a small number of other products and services.