Bears Tuning Into CBS Corp. (CBS)

Shares of CBS Corp. CBS are lower on the session by 3.22%, currently trading at $14.74. The stock has been moving largely sideways for the past six months with support near $13.50 and resistance near $15.00. Options traders are buying protection on the name today. The October $14.00 put was purchased 2,500 times, on the offer, a short while ago; there is no open interest on the strike. Put volume is now running at 3.52x the daily average. CBS Corporation is a mass media company with operations in Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor segments. The Entertainment segment consists of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Films and CBS Interactive. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.