Traders Buy Protection on Humana (HUM)

Shares of Humana Inc. HUM are trading slightly higher on the session, currently trading $44.36. The stock has been drifting lower over the past four months and is now trading below the 50-day moving average. Options trading in the name still suggests worries of a further sell off with the August $40 puts purchased on the offer nearly 1,300 times. Open interest on the strike was only 1,009 contracts, which suggests new, bearish positioning. Humana Inc. is a health and supplemental benefits company. The Company is a benefits solutions company, offering an array of health and supplemental benefit products for employer groups, government benefit programs, and individuals.