Market Overview

Puts Active on Lender Processing Services (LPS)

Shares of Lender Processing Services (NYSE: LPS) are lower on the session by 5.64%, currently trading at $29.27. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages.

Options traders are buying puts on the name today. Though action has been primarily in small lots, overall put volume is now running at 3.73x the daily average with 80% of all puts traded being purchases on the offer.

Traders are buying the $30.00 and $25.00 puts in December.

Lender Processing Services, Inc. is a provider of integrated technology and services to the mortgage lending industry, with mortgage processing and management services in the United States.

Posted-In: Short Ideas Technicals Options Trading Ideas

 

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