Puts Purchased on CarMax, Inc. (KMX)

Shares of CarMax, Inc. KMX are lower on the session by 3.08%, currently trading at $32.78. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the April 2011 $32.00 put was purchased ~1,000 times, on the offer, on open interest of only 214 contracts. This signals new positioning on the name. Overall put volume is now running at 2.99x the daily average with 93% of all puts traded being purchases on the offer. CarMax, Inc. is a holding company and its operations are conducted, through its subsidiaries. The company is a retailer of used cars, which retailed 357,129 used vehicles, during the fiscal year ended February 28, 2010.