Puts Purchased on Fidelity National Financial (FNF)

Shares of Fidelity National Financial FNF are higher on the session by 0.07%, currently trading at $13.99. The stock has been moving largely sideways over the past four months and is currently consolidating around the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the March 2011 $12.50 put was purchased 1,200 times, on the offer, on open interest of 13,794 contracts. This signals new positioning on the name. Overall put volume is now running at 4.13x the daily average with 83% of all puts traded being purchases on the offer. Fidelity National Financial, Inc. s a holding company that is a provider, through its subsidiaries, of title insurance, specialty insurance, claims management services and information services.