Puts Purchased on HealthSpring, Inc. (HS)

Shares of Blue Coat Systems HS are lower on the session by 1.78%, currently trading at $30.82. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the February 2011 $25.00 put was purchased 1,900 times, on the offer, on open interest of only 79 contracts. This signals new positioning on the name. Overall put volume is now running at 7.38x the daily average with 95% of all puts traded being purchases on the offer. HealthSpring, Inc. is a managed care organization with a primary focus on Medicare, the federal government-sponsored health insurance program for United States citizens aged 65 and older, qualifying disabled persons and persons suffering from end-stage renal disease.