Puts Purchased on Skilled Healthcare Group

Shares of Skilled Healthcare Group SKH are lower on the session by 2.69%, currently trading at $9.05. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $7.50 put traded 1,000 times on open interest of 505 contracts. Overall put volume is now running at 16.80x the daily average with 85% of all puts traded being purchases on the offer. Skilled Healthcare Group, Inc. is a holding company. The company owns subsidiaries that operate skilled nursing facilities, assisted living facilities, hospices, home health providers and a rehabilitation therapy business.