Puts Purchased on Universal Health Services (UHS)

Shares of Universal Health Services UHS are lower on the session by 0.31%, currently trading at $41.58. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Shares are trading near resistance, at $42.00. Options traders are buying puts on the name today. A short while ago the December $40,00 put was purchased 1,000 times, on the offer, on open interest of only 188 contracts. This signals new positioning on the name. Overall put volume is now running at 5.37x the daily average with 93% of all puts traded being purchases on the offer. Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. As of February 25, 2010, the company owned and/or operated or had under construction, 25 acute care hospitals and 102 behavioral health centers located in 32 states, Washington, D.C. and Puerto Rico.