Puts Purchased on DaVita Inc. (DVA)

Shares of DaVita Inc. DVA are lower on the session by 0.07%, currently trading at $75.94. 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 $70.00 put was purchased 1,100 times, on the offer, on open interest of 2,778 contracts. Overall put volume is now running at 7.57x the daily average with 85% of all puts traded being purchases on the offer. DaVita Inc. is a provider of dialysis services in the United States for patients suffering from chronic kidney failure, also known as end stage renal disease. As of December 31, 2009, the company operated or provided administrative services to 1,530 outpatient dialysis centers located in 43 states and the District of Columbia, serving approximately 118,000 patients.