Shares of Universal Travel Group UTA are lower on the session by 0.19%, currently trading at $5.17. The stock has been moving largely lower over the past two months and is currently trading below the 50-day and 200-day moving averages.
Options traders are buying puts on the name today. A short while ago the April 2011 $5.00 put was purchased 970 times, on the offer, on open interest of 1,801 contracts. There has been small lot put buying across many strikes today.
Overall put volume is now running at 2.01x the daily average with 100% of all puts traded being purchases on the offer.
Universal Travel Group is an online travel service company operating in the People's Republic of China.
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