Bears Board Lan Airlines (LFL)

Shares of Lan Airlines SA LFL are higher on the session by 1.68%, currently trading at $29.59. The stock has been jumping higher over the past six months, up from a recent low near $16.60. Options traders are buying a bit of protection on the name today. The March 2011 $22.50 put was purchased 2,000 times, on the offer, for $1.10 a short while ago; open interest on the strike is 60 contracts. Put volume is now running at 39.06x the daily average. Lan Airlines SA is a Chile-based passenger airline and cargo operator. Its activities comprise the services provided by Lan Airlines, Lan Express, Lan Peru, Lan Ecuador, Lan Argentina and Lan Cargo. It offers 15 destinations in Chile, 12 destinations in Peru, 10 destinations in Argentina, two destinations in Ecuador, 15 destinations in other Latin American countries and the Caribbean, three destinations in the United States, two destinations in Europe and four destinations in the South Pacific, as well as 52 additional international destinations through its various code-share agreements.