Puts Purchased on Warner Chilcott

Shares of Warner Chilcott WCRX are higher on the session by 0.01%, currently trading at $24.01. The stock has been moving largely higher over the past five weeks and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the July 2011 $24.00 put traded 2,500 times on open interest of 182 contracts. Overall put volume is now running at 3.28x the daily average with 99% of all puts traded being purchases on the offer. Warner Chilcott plc. is a specialty pharmaceutical company focused on the women's healthcare, gastroenterology, dermatology and urology segments of the North American and Western European pharmaceuticals markets.