Puts Purchased on Cigna Corp. (CI)

Shares of Cigna Corp. CI are lower on the session by 3.33%, currently trading at $32.09. The stock has been trading largely lower over the past six months and is also in a technical downtrend. Options traders are favoring the put side today. Though action has been primarily in small lots, put volume is now trading at 2.5x the daily average with 82% of all puts traded being purchases on the offer Traders are focusing in on the $30.00, $29.00, and $28.00 strikes in multiple months. CIGNA Corporation provides health care and related benefits in the United States and internationally. It operates in five segments: Health Care, Disability and Life, International, Run-off Reinsurance, and Other Operations.