Puts Purchased on Cardinal Health

Shares of Cardinal Health CAH are higher on the session by 0.67%, currently trading at $46.69. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $45.00 put traded 2,100 times on open interest of 79 contracts. Overall put volume is now running at 6.93x the daily average with 67% of all puts traded being purchases on the offer. Cardinal Health, Inc. is a global healthcare solutions company providing products and services to hospitals, physician offices and pharmacies. During the fiscal year ended June 30, 2010, the company operated in two segments: Pharmaceutical and Medical.