Puts Purchased on China Fire & Security Group

Shares of China Fire & Security Group

are lower on the session by 1.32%, currently trading at $8.21. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the December 2011 $2.50 put was purchased 700 times, on the offer, on open interest of 788 contracts. Overall put volume is now running at 5.37x the daily average with 95% of all puts traded being purchases on the offer. China Fire & Security Group, Inc. is engaged primarily in the design, development, manufacture and sale of a range of fire safety products for the industrial and special purpose infrastructure industries, and the design and installation of industrial fire safety systems, in which the company primarily uses its own fire safety products.