Puts Purchased on Life Partners
By Michael J. Zerinskas
July 29, 2011 2:46 PM
July 29, 2011 2:46 PM
Shares of Life Partners (NASDAQ: LPHI) are lower on the session by 0.19%, currently trading at $5.12. The stock has been moving largely higher over the past five weeks and is currently trading above the 50-day moving average.
Options traders are buying puts on the name today. A short while ago the September 2011 $7.50 put traded 700 times on open interest of 381 contracts.
Overall put volume is now running at 4.74x the daily average with 99% of all puts traded being purchases on the offer.
Life Partners Holdings, Inc. is a financial services company and the parent company of Life Partners, Inc. LPI is engaged in the secondary market for life insurance known generally as life settlements.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We're Loving
