Puts Purchased on PSS World Medical (PSSI)

Shares of PSS World Medical Inc. PSSI are higher on the session by 0.43%, currently trading at $21.12. The stock has been trading largely lower over the past three months; historical support does not come into play until the $18.50 level. Options traders are buying puts on the name today. The August $20.00 put was purchased 1,390 times, on the offer, a short time ago; open interest on the strike is 314 contracts. This signals new, bearish positioning on the name. Put volume is now running at 28.54x the daily average. PSS World Medical, Inc. is a distributor of medical products and equipment, pharmaceutical products, healthcare information technology and billing services to alternate-site healthcare providers, including physician offices, long-term care and assisted living facilities, home healthcare and hospice providers.