Puts Purchased on HealthSouth Corp. (HLS)

Shares of HealthSouth Corp. HLS are higher on the session by 1.32%, currently trading at $18.40. The stock has been moving largely lower over the past three months, but has held the 200-day moving average. Options traders are buying protection on the name today. The August $20.00 put was purchased 1,960 times, near the offer, earlier in the session; open interest on the strike is 1,994 contracts. Put volume is now running at 8x the daily average. HealthSouth Corporation is a provider of inpatient rehabilitative healthcare services. The company operates 93 inpatient rehabilitation hospitals, six freestanding long-term acute care hospitals, 40 outpatient rehabilitation satellites (operated by its hospitals), and 25 licensed, hospital-based home health agencies.