Notable Put Options Activity in j2 Global

Shares of j2 Global

are higher on the session by 1.05%, currently trading at $29.87. The stock has been moving largely higher over the past three months 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 June 2012 $25.00 put, which has traded 513 times on open interest of 76 contracts. The Jun2012 $20.00 put also traded 500 times on 44 contracts. Put volume is outpacing call volume by 3 to 1. j2 Global, Inc., formerly j2 Global Communications, Inc., provides cloud-based, value-added communication, messaging and data backup services to businesses of all sizes, from individuals to enterprises. It markets its services principally under the brand names eFax, eVoice, Electric Mail, Campaigner, KeepItSafe and Onebox.