Notable Put Options Activity in First Cash Financial Services
February 08, 2012 3:33 PM
Shares of First Cash Financial Services (NASDAQ: FCFS) are lower on the session by 0.78%, currently trading at $43.18. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $35.00 put, which has traded 3,750 times on open interest of 7,484 contracts. The Mar2012 $40.00 put also traded 3,700 contracts on 4,931 contracts.
Put volume is outpacing call volume by 2 to 1.
First Cash Financial Services, Inc. is an operator of retail-based pawn and consumer finance stores in the United States and Mexico. As of February 2011, the company had over 620 locations in nine states of United States and 21 states in Mexico.
