Puts Purchased on Chimera Investment Corporation (CIM)

Shares of Chimera Investment Corporation CIM are lower on the session by 0.70%, currently trading at $4.24. 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 September 2011 $4.00 put was purchased 2,100 times, on the offer, on open interest of 4,786 contracts. Overall put volume is now running at 3.50x the daily average with 98% of all puts traded being purchases on the offer. Chimera Investment Corporation is a specialty finance company that invests, either directly or indirectly through its subsidiaries, in residential mortgage-backed securities, residential mortgage loans, real estate-related securities and various other asset classes.