Notable Put Options Activity in Ebix
Shares of Ebix (NASDAQ: EBIX) are lower on the session by 3.27%, currently trading at $21.29. The stock has been moving largely lower over the past three weeks 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 March 2012 $19 put, which has traded 394 times on open interest of 395 contracts. Small lots are very active in Mar2012.
Put volume is outpacing call volume by 5 to 1.
Ebix, Inc. is an international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a range of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial industries.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.