Puts Purchased on St. Jude Medical, Inc.

Shares of St. Jude Medical, Inc. STJ are higher on the session by 0.11%, currently trading at $46.35. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the July 2011 $40.00 put was purchased 3,000 times, on the offer, on open interest of 4,921 contracts. Overall put volume is now running at 5.46x the daily average with 94% of all puts traded being purchases on the offer. St. Jude Medical, Inc. develops, manufactures and distributes cardiovascular medical devices for the global cardiac rhythm management, cardiology and cardiac surgery and atrial fibrillation therapy areas and neurostimulation medical devices for the management of chronic pain.