Puts Purchased on Hornbeck Offshore Services (HOS)

Shares of Hornbeck Offshore Services, Inc.

are lower on the session by 9.25%, currently trading at $20.99. The stock has been moving largely higher over the past five months after rallying off the $12.60 level. Options traders are buying puts on HOS today. A short while ago the November $22.00 put was purchased 1,000 times, on the offer, on open interest of 1,301 contracts. Overall put volume is now running at 15.61x the daily average with 65% of all puts traded being purchases on the offer. Hornbeck Offshore Services, Inc. through its subsidiaries, operates offshore supply vessels, multi-purpose support vessels, and a shore-base facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico, and select international markets.