Notable Put Options Activity in Laboratory Corporation of America

Shares of Laboratory Corporation of America

are lower on the session by 0.95%, currently trading at $89.22. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the April 2012 $85.00 put, which has traded 2,200 times on open interest of 212 contracts. The April 2012 $82.50 and $87.50 puts are also active. Put volume is outpacing call volume by 14 to 1. Laboratory Corporation of America Holdings is a clinical laboratory company in the United States. As of December 31, 2011, the company had a national network of 54 primary laboratories and over 1,700 patient service centers along with a network of branches and STAT laboratories.