Notable Put Options Activity in Bridgepoint Education

Shares of Bridgepoint Education

are higher on the session by 1.15%, currently trading at $23.66. The stock has been moving largely lower over the past two weeks and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the August 2012 $20.00 put, which has traded 2,300 times on open interest of 28 contracts. Put volume is outpacing call volume by 5 to 1. Bridgepoint Education, Inc. is a provider of postsecondary education services. The company's wholly owned subsidiaries, Ashford University and the University of the Rockies, are regionally accredited academic institutions that offer associate's, bachelor's, master's and doctoral programs in the disciplines of business, education, psychology, social sciences and health sciences.