Notable Put Options Activity in First Cash Financial Services

Shares of First Cash Financial Services FCFS are higher on the session by 3.04%, currently trading at $43.73. 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 $40.00 put, which has traded 1,000 times on open interest of 0 contracts. Put volume is outpacing call volume by 23 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.