Puts Purchased on Camelot Information Systems Inc.

Shares of Camelot Information Systems Inc. CIS are higher on the session by 3.54%, currently trading at $13.73. The stock has been moving largely lower over the past five 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 June 2011 $15.00 put was purchased 760 times, on the offer, on open interest of 1,658 contracts. Overall put volume is now running at 3.51x the daily average with 72% of all puts traded being purchases on the offer. Camelot Information Systems Inc. is a holding company that conducts business, through its operating subsidiaries in China. The company is a provider of enterprise application services and financial industry information technology (IT) services in China.