Puts Purchased on FTI Consulting (FCN)

Shares of FTI Consulting FCN are higher on the session by 1.64%, currently trading at $36.67. The stock has been moving largely higher over the past four weeks and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the January 2012 $40.00 put was purchased 1,400 times, on the offer, on open interest of only 165 contracts. This signals new positioning on the name. Overall put volume is now running at 2.88x the daily average with 96% 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.