Puts Purchased on Skilled Healthcare Group
Shares of Skilled Healthcare Group (NYSE: SKH) are lower on the session by 2.69%, currently trading at $9.05. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average.
Options traders are buying puts on the name today. A short while ago the August 2011 $7.50 put traded 1,000 times on open interest of 505 contracts.
Overall put volume is now running at 16.80x the daily average with 85% of all puts traded being purchases on the offer.
Skilled Healthcare Group, Inc. is a holding company. The company owns subsidiaries that operate skilled nursing facilities, assisted living facilities, hospices, home health providers and a rehabilitation therapy business.
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