Puts Purchased on Quality Systems (QSII)
May 28, 2010 1:51 PM
Shares of Quality Systems Inc. (NASDAQ: QSII) are lower on the session by 4.31%, currently trading $58.11. The stock has been falling as of late and is struggling to hold the 200-day moving average.
Puts are being purchased today with the June $55 put purchased over 2,000 times on open interest of 252 contracts. This looks like new, bearish positioning.
Put volume is running at 11.28x the daily average with 78% of all puts traded being purchases on the offer.
Quality Systems, Inc. develops and markets healthcare information systems that automate certain aspects of medical and dental practices, networks of practices, such as physician hospital organizations and management service organizations, ambulatory care centers, community health centers, and medical and dental schools.
