Puts Rolled Lower on Janus (JNS)

Shares of Janus Capital Group JNS are currently trading higher on the session by 0.60%, at $10.14. The stock fallen off of a cliff as of late, off from a recent high of $15.72. A put position is being rolled lower name today with the December $15 put sold nearly 1,000 times for $5.18 and the December $10 put purchased 500 times for $1.53. Open interest on the $15 strike matches volume, whereas open interest on the $10 strike is less than the volume. This suggests that a long put holder is taking profits on their long put and using some of the proceeds to bet on further downside in the name via higher gamma exposure. Janus Capital Group Inc. provides investment management, administration, distribution and related services to individual and institutional investors through mutual funds, separate accounts and subadvised relationships (collectively referred to as investment products) in both domestic and international markets.