Puts Purchases on K12 Inc. (LRN)

Shares of K12 Inc. LRN are lower on the session by 12.11%, currently trading at $24.752. The stock has been moving largely higher over the past six months, though it is currently testing the 200-day moving average. Options traders are buying puts on the name today. Though action has been primarily in small lots, overall put volume is now running at 18.35x the daily average with 73% of all puts traded being purchases on the offer. Traders are buying the $30.00 and $25.00 puts in multiple months. K12 Inc. is a technology-based education company. The company offers curriculum and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade, or K-12. The company delivers its learning system to students primarily through virtual public schools and are building an institutional business with sales directly to school districts.