Puts Purchased on Quality Systems Inc. (QSII)
July 21, 2010 2:23 PM
Shares of Quality Systems Inc. (NASDAQ: QSII) are lower on the session by 4.43%, currently trading at $55.22. The stock has been moving largely lower over the past three months, off from recent highs near $67.75.
Options traders are buying puts on the name today. Though action has been primarily in small lots, put volume is now running at 6x the daily average with 80% of all puts traded being purchases on the offer.
Traders are buying the $55 and $60 strike puts in August and the $50 put in September.
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.
