Puts Sold on Sapient Corp.

Shares of Sapient Corp. SAPE are flat on the session, currently trading at $9.96. The stock has been trading largely higher over the past six months, but is now testing the 50-day moving average. Options traders are selling puts on the name today. The August $12.50 strike was sold 940 times, on the bid, on no open interest. Put volume is currently running at 155.57x the daily average. Sapient Corporation (Sapient) is a global services company. The Company markets its services through two primary areas of focus: SapientNitro and Sapient Global Markets. It also provides traditional advertising capabilities, offering a multi-channel marketing and commerce solution for clients.