CISG – CNinsure, Inc. – Bearish investors dominated options trading activity on the insurance intermediary engaged in marketing and selling insurance products in China. CNinsure’s shares fell as much as 5.1% this afternoon, touching down at an intraday low of $23.04, and are currently down 3.90% on the day to stand at $23.25 as of 3:10 pm ET. Pessimistic players expecting CISG’s shares to continue to decline in the next couple of months purchased put options in the September and October contracts. Traders picked up approximately 4,500 puts at the September $20 strike for an average premium of $0.75 apiece. Investors long the puts are positioned to profit should CNinsure’s shares plunge 17.2% from the current price of $23.25 to breach the average breakeven price to the downside at $19.25 by September expiration. Bearish sentiment spread to the October $20 strike where some 2,200 put options were purchased at an average premium of $1.25 a-pop. Put buyers at this strike make money as long as the price of the underlying stock plummets 19.35% from the current price to trade beneath the average breakeven point on the puts at $18.75 by October expiration. The demand for put options on CNinsure today helped lift the overall reading of options implied volatility on the stock 25.7% to 49.70% by 3:20 pm ET.