Puts Purchased on Tenet Healthcare

Shares of Tenet Healthcare THC are lower on the session by 4.23%, currently trading at $5.21. 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 $8.00 put traded 6,100 times on open interest of 6,150 contracts. Overall put volume is now running at 12.01x the daily average with 98% of all puts traded being purchases on the offer. Tenet Healthcare Corporation is an investor-owned company that operates in one line of business: the provision of health care services through the operation of acute care hospitals and related health care facilities.