Notable Put Options Activity in Career Education

Shares of Career Education

are higher on the session by 4.01%, currently trading at $8.30. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the November 2011 $7.00 put traded 4,400 times on open interest of 1,544 contracts. Put volume is outpacing call volume by 8 to 1. Career Education Corporation, through colleges, schools and universities that are part of the CEC family, offers education to a diverse student population of over 116,000 students in a variety of career-oriented disciplines.