Puts Purchased on Mobile Mini (MINI)

Shares of Mobile Mini Inc. MINI are higher on the session by 2.76%, currently trading at $16.76. The stock has been trading largely sideways over the past five months; it is also trading above both the 50-day and 200-day moving averages. Options traders are buying protection on the name today. The August $15.00 put was purchased 1,000 times, on the offer, for $0.35; open interest on the strike is 295 contracts. This signals new, bearish positioning on the name. Put volume is now running at 38.50x the daily average. Mobile Mini, Inc. is a provider of portable storage solutions. The Company offers a range of portable storage products in varying lengths and widths with differentiated features, such as its locking systems, doors, electrical wiring and shelving. As of December 31, 2009, it operated through a network of 118 locations in the United States, Canada, the United Kingdom and The Netherlands.