Puts Sold on Nutrisystem (NTRI)

Shares of Nutrisystem Inc. NTRI are higher on the session by 0.94%, currently trading at $22.45. The stock has been trading largely higher over the past five months and is in a current technical uptrend. Options traders were selling puts on the name today. The January 2011 $12.50 put was sold, near the bid, 1,500 times on open interest of 7,953 contracts. It is likely that a long put position was closed out. Put volume is now running at 3.26x the daily average. Nutrisystem, Inc. is a provider of a weight management system based on a low-calorie, portion-controlled, prepared meal program. The customers purchase monthly food packages containing a 28-day supply of breakfasts, lunches, dinners and desserts, which they supplement with fresh dairy, fruit, salad, vegetables and low-glycemic carbohydrate items.