Notable Put Options Activity in Paychex

Shares of Paychex PAYX are higher on the session by 0.42%, currently trading at $26.58. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the October 2011 $25.00 put traded 970 times on open interest of 1,913 contracts. The Dec2011 $25.00 put also traded 980 times on 457 contracts. This appears to be a roll. Put volume is dominating call volume 16 to 1. Paychex, Inc. is a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses.