Puts Purchased on Career Education Corporation (CECO)

Shares of Career Education Corporation CECO are higher on the session by 1.55%, currently trading at $21.56. The stock has been moving largely higher over the past four months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the January 2011 $20.00 put was purchased 2,500 times, on the offer, on open interest of 1,943 contracts. Overall put volume is now running at 2.49x the daily average with 98% of all puts traded being purchases on the offer. Career Education Corporation includes the colleges, schools and universities that are part of its family. CEC offers education to a diverse student population of over 116,000 students worldwide in a range of career-oriented disciplines.