Puts Purchased on Cintas Corp. (CTAS)

Shares of Cintas Corp. CTAS are higher on the session by 1.11%, currently trading at $25.48. The stock has been moving largely lower over the past four months, but has caught a bid as of late and broken the technical downtrend. Options traders are buying puts on the name today. The August $22.50 put was purchased 1,700 times, on or near the offer, earlier in the session; open interest on the strike is 688 contracts. Put volume is currently running at 13.25x the daily average. Cintas Corporation provides specialized products and services to businesses of all types primarily throughout the United States and Canada.