Puts Purchased on Cintas Corporation (CTAS)

Shares of Cintas Corporation CTAS are lower on the session by 1.69%, currently trading at $30.17. 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 2011 $27.50 put was purchased 1,600 times, on the offer, on open interest of only 39 contracts. Overall put volume is now running at 11.50x the daily average with 79% of all puts traded being purchases on the offer. Cintas Corporation provides highly specialized products and services to businesses of all types throughout the United States, Latin America, Europe and Asia. The company operates in four segments: Rental Uniforms and Ancillary Products, Uniform Direct Sales, First Aid, Safety and Fire Protection Services, and Document Management Services.