Puts Purchased on World Acceptance Corporation (WRLD)

Shares of World Acceptance Corporation WRLD are lower on the session by 1.26%, currently trading $35.28. The stock has been drifting lower for the past three months and is now trading below the 50-day moving average. Puts are being purchased on the name today with the October $20 put purchased 1,000 times on the offer for $0.85. Open interest on the strike is only 113 contracts, indicating new, bearish positioning. Put volume is now running at 2.04x the daily average. World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals.