Puts Purchased on Zimmer Holdings, Inc. (ZMH)

Shares of Zimmer Holdings, Inc. ZMH are higher on the session by 1.32%, currently trading at $61.17. 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 April 2011 $60.00 put was purchased 2,700 times, on the offer, on open interest of 1,169 contracts. Overall put volume is now running at 18.69x the daily average with 94% of all puts traded being purchases on the offer. Zimmer Holdings, Inc. designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, dental implants and related surgical products. Zimmer also provides other healthcare related services.