Puts Purchased on FTI Consulting (FCN)

Shares of FTI Consulting FCN are lower on the session by 0.49%, currently trading at $26.72. The stock has been moving largely higher over the past six months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the June 2011 $35.00 put was purchased 1,000 times, on the offer, for $2.40 on no prior open interest. This signals new positioning in the name. Overall put volume is now running at 4.56x the daily average with 100% of all puts traded being purchases on the offer. FTI Consulting, Inc. is a global business advisory firm. The company assists its customers in addressing a range of business challenges, such as restructuring, financing and credit issues and indebtedness, interim business management, forensic accounting and litigation services, mergers and acquisitions, antitrust and competition matters, electronic discovery, management and retrieval of electronically stored information, reputation management and strategic communications.