Notable Put Options Activity in ITT Educational Services

Shares of ITT Educational Services ESI are lower on the session by 0.12%, currently trading at $51.33. 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. The strike seeing the heaviest action is the April 2012 $55.00 put, which has traded 1,000 times on open interest of 518 contracts. Put volume is outpacing call volume by 7 to 1. ITT Educational Services, Inc. is a provider of postsecondary degree programs in the United States. As of December 31, 2010, the company offered master, bachelor and associate degree programs to approximately 84,000 students.