Puts Purchased on Athenahealth, Inc. (ATHN)

Shares of Athenahealth, Inc.

are lower on the session by 2.84%, currently trading at $43.80. The stock has been moving largely higher over the past six 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 January 2011 $45.00 put was purchased 889 times, on the offer, on open interest of only 178 contracts. This signals new positioning on the name. Overall put volume is now running at 3.94x the daily average with 83% of all puts traded being purchases on the offer. Athenahealth, Inc. is a provider of Internet-based business services for physician practices. The company's service offerings are based on four integrated components: its Internet-based software; athenahealth's database of payer reimbursement process rules; back-office service operations that perform administrative aspects of billing and clinical data management for physician practices, and automated and live patient communication services.