Puts Purchased on MedAssets (MDAS)

Shares of MedAssets MDAS are higher on the session by 0.36%, currently trading at $14.11. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the April 2011 $15.00 put was purchased 1,000 times, on the offer, on open interest of only 15 contracts. This signals new positioning on the name. Overall put volume is now running at 14.47x the daily average with 70% of all puts traded being purchases on the offer. MedAssets, Inc. provides technology-enabled products and services. These solutions are designed to improve operating margin and cash flow for hospitals and health systems. The company's technology-enabled solutions are delivered primarily through company-hosted software, or software as a service, supported by enterprise-wide sales, account management, implementation services and consulting.