Puts Bought on Lincare Holdings (LNCR)

Shares of Lincare Holdings Inc.

are higher on the session today. The stock is currently trading up 1.13% at $45.71. The stock has made an amazing run higher over the past year, but is now sitting right on the 50-day moving average. One trader is betting that the stock will not hold the level and is buying the June $45 put 1,100 times for $1.30. Open interest on the strike is only 842 contracts. Lincare Holdings Inc. is a provider of oxygen and other respiratory therapy services to patients in the home.