Puts Purchased on Omnicare, Inc. (OCR)

Shares of Omnicare, Inc. OCR are higher on the session by 0.78%, currently trading at $27.04. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the March 2011 $26.00 put was purchased 5,100 times, on the offer, on open interest of 506 contracts. Overall put volume is now running at 12.21x the daily average with 87% of all puts traded being purchases on the offer. Omnicare, Inc. is a pharmaceutical services company. The company is a provider of pharmaceuticals and related pharmacy and ancillary services to long-term healthcare institutions. Its clients include primarily skilled nursing facilities, assisted living facilities, retirement centers, independent living communities, hospitals, hospice and other healthcare settings and service providers.