Puts Purchased in VistaPrint (VPRT)

By Michael J. Zerinskas
May 20, 2010 1:46 PM

Symbols: VPRT

Posted in: Short Ideas, Options, Technicals, Trading Ideas

Shares of VistaPrint (NASDAQ: VPRT) are falling today by 0.93%, currently trading $44.75. The stock has been selling off on large volume and it is now trading below the 50-day and 200-day moving averages.

Options traders are betting on further downside in the name with 3,000 of the June $40 put purchased. There was no open interest on the strike. This has pushed the put/call ratio in the name to 31x the daily norm.

Vistaprint N.V. is an online provider of coordinated portfolios of marketing products and services to small businesses globally.

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Puts Purchased in VistaPrint (VPRT)

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