Puts Purchased on Hub Group, Inc. (HUBG)

Shares of Hub Group, Inc.

are higher on the session by 1.12%, currently trading at $38.66. 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 May 2011 $35.00 put was purchased 1,408 times, on the offer, for $0.65 on open interest of only 33 contracts. Overall put volume is now running at 201.14x the daily average with 100% of all puts traded being purchases on the offer. Hub Group, Inc. is an asset-light freight transportation management company. The company offers intermodal, truck brokerage and logistics services. It operates through a network of operating centers throughout the United States, Canada and Mexico.