Puts Purchased on Stericycle, Inc. (SRCL)

Shares of Stericycle, Inc. SRCL are lower on the session by 2.67%, currently trading at $89.82. 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 August 2011 $95.00 put was purchased 750 times, on the offer, on open interest of only 42 contracts. This signals new positioning on the name. Overall put volume is now running at 2.34x the daily average with 97% of all puts traded being purchases on the offer. Stericycle, Inc. is engaged in the business of managing regulated waste and providing an array of related services. The company operates in the United States, Canada, Argentina, Chile, Mexico, Ireland, Portugal, Romania and the United Kingdom.