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• Is energy running out of gas?
• Little love for range bound Intel
• Trade buys time for Take-Two rebound

• FCN 100% Rate It

FTI Consulting has been falling steadily, and the bears are upping the ante.

optionMONSTER's Depth Charge monitoring program detected the purchase of 2,000 March 25 puts for $2 and the sale of an equal number of September 35 puts for $8.30. Volume was below open interest in the 35s but not the 25s, which suggests that an existing bearish trade was closed and rolled to the lower strike.

The investor collected a credit of $1.36 million and increased the number of contracts owned, which will provide more leverage to a decline in the share price. The longer time horizon also positions them to benefit from a potential volatility spike, something that often happens when a stock is falling.

FCN rose 2.14 percent to $26.68 yesterday. The business-services stock has been steadily falling since early February, when is peaked at $45. It's been rebounding since early this month, and has now returned to its 50-day moving average. Some chart watchers may interpret that price action as evidence the shares are due for another push to the downside.

Overall option volume was 19 times greater than average in Tuesday's session, according to Depth Charge. Puts accounted for almost three-quarters of the activity.

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