Market Overview

Puts Purchased on China Fire & Security Group, Inc.

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Shares of China Fire & Security Group, Inc. (NASDAQ: CFSB) are lower on the session by 1.20%, currently trading at $8.20. The stock has been moving largely higher over the past four 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 July 2011 $5.00 put was purchased 1,100 times, on the offer, on open interest of 756 contracts.

Overall put volume is now running at 3.14x the daily average with 90% 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.

 

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Posted-In: Options