Puts Purchased on China Fire & Security Group, Inc. (CFSG)

Shares of China Fire & Security Group, Inc. CFSG are lower on the session by 0.84%, currently trading at $5.87. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the April 2011 $5.00 put was purchased 728 times, on the offer, on open interest of 173 contracts. Overall put volume is now running at 15.13x the daily average with 75% of all puts traded being purchases on the offer. China Fire & Security Group, Inc. is engaged primarily in the design, development, manufacture and sale of a range of fire safety products for the industrial and special purpose infrastructure industries, and the design and installation of industrial fire safety systems, in which the company primarily uses its own fire safety products.