Puts Purchased on Nu Skin Enterprises (NUS)

Shares of Nu Skin Enterprises Inc. NUS are higher on the session by 2.18%, currently trading at $27.22. The stock has been trading largely lower over the past three months, but is breaking above that technical downtrend in today’s trade. Options traders are buying protection along with those shares. The September $25.00 put was purchased 1,600 times, on the offer, on open interest of 1,794 contracts. It seems likely that these puts were purchased as hedges to long shares. Put volume is now running at 13x the daily average. Nu Skin Enterprises, Inc. is a global direct selling company with operations in 50 markets worldwide. The company develops and distributes anti-aging personal care products and nutritional supplements under its Nu Skin and Pharmanex brands, respectively.