Puts Purchased on CNinsure (CISG)

Shares of CNinsure Inc. CISG are lower on the session by 0.16%, currently trading at $24.74. The stock has been moving largely lower over the past five months, off from recent highs near $28.75. Options traders are buying puts on the name today. The September $20.00 put was purchased 2,000 times, on the offer, earlier in the session; open interest on the strike is 5,801 contracts. Put volume is now running at 2.5x 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.