Puts Purchased on O'Reilly Automotive (ORLY)

Shares of O'Reilly Automotive ORLY are higher on the session by 1.96%, currently trading at $57.61. The stock has been moving largely lower over the past two 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 February 2011 $55.00 put was purchased 1,000 times, on the offer, on open interest of only 1,598 contracts. Overall put volume is now running at 5.70x the daily average with 93% of all puts traded being purchases on the offer. O'Reilly Automotive, Inc. is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, selling its products to both do-it-yourself customers and professional installers.