Puts Purchased on Cablevision Systems

Shares of Cablevision Systems CVC are lower on the session by 0.12%, currently trading at $24.74. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $22.00 put traded 6,100 times on open interest of 5 contracts. Overall put volume is now running at 9.72x the daily average with 99% of all puts traded being purchases on the offer. Cablevision Systems Corporation, through its subsidiary, CSC Holdings, LLC, is a cable operator in the United States.