Puts Purchased on SAIC, Inc. (SAI)

Shares of SAIC, Inc. SAI are higher on the session by 0.43%, currently trading at $16.47. The stock has been moving largely higher over the past three 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 May 2011 $17.00 put was purchased 2,900 times, on the offer, on open interest of 4,474 contracts. The May $16.00 and $15.00 puts are also active. Overall put volume is now running at 40.95x the daily average with 89% of all puts traded being purchases on the offer. SAIC, Inc. is a provider of scientific, engineering, systems integration and technical services and solutions to all branches of the United States military, agencies of the United States Department of Defense, the intelligence community, the United States Department of Homeland Security and other United States Government civil agencies, state and local government agencies, foreign governments and customers in select commercial markets.