Puts Purchased on CNinsure (CISG)

Shares of CNinsure Inc. CISG are lower on the session by 0.26%, currently trading at $23.33. The stock has been moving largely lower over the past three months and is now sitting on the 200-day moving average. Options traders are buying puts on the name today. The October $20.00 put was purchased 1,800 times, on the offer, on open interest of 2,733 contracts. Put volume is currently running at 3.34x the daily average. CNinsure Inc. is an independent insurance intermediary company operating in China. The company had 48,693 sales professionals, 1,421 claims adjustors and 571 sales and service outlets operating in 23 provinces as of April 15, 2010.