Puts Purchased on Life Partners

Shares of Life Partners LPHI are lower on the session by 0.19%, currently trading at $5.12. The stock has been moving largely higher over the past five weeks and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the September 2011 $7.50 put traded 700 times on open interest of 381 contracts. Overall put volume is now running at 4.74x the daily average with 99% of all puts traded being purchases on the offer. Life Partners Holdings, Inc. is a financial services company and the parent company of Life Partners, Inc. LPI is engaged in the secondary market for life insurance known generally as life settlements.