Puts Purchased on ViroPharma Incorporated (VPHM)

Shares of ViroPharma Incorporated VPHM are lower on the session by 9.67%, currently trading at $19.70. 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 November $20.00 put was purchased 1,000 times, on the offer, on open interest of 107 contracts. Overall put volume is now running at 11.98x the daily average with 99% of all puts traded being purchases on the offer. ViroPharma Incorporated is a global biotechnology company dedicated to the development and commercialization of products that address serious diseases, with a focus on products used by physician specialists or in hospital settings. It has two marketed products and two development programs.