Puts Purchased on Chimera Investment Corporation (CIM)

Shares of Chimera Investment Corporation CIM are higher on the session by 0.49%, currently trading at $4.09. 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 $4.00 put was purchased 5,000 times, on the offer, on open interest of 15,139 contracts. Overall put volume is now running at 6.06x the daily average with 86% of all puts traded being purchases on the offer. Chimera Investment Corporation is a specialty finance company that invests, either directly or indirectly through its subsidiaries, in residential mortgage-backed securities, residential mortgage loans, real estate-related securities and various other asset classes.