Puts Purchased on Lincoln Educational Services

Shares of Lincoln Educational Services LINC are higher on the session by 5.02%, currently trading at $16.83. The stock has been moving largely higher over the past five weeks and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the December 2011 $10.00 put was purchased 1,000 times, on the offer, on open interest of 663 contracts. Overall put volume is now running at 6.99x the daily average with 100% of all puts traded being purchases on the offer. Lincoln Educational Services Corporation is a provider of career-oriented post-secondary education. As of December 31, 2009, the company operated 43 campuses in 17 states.