Legg Mason (LM) adds 35 cents to $26.62 and one player intiates a Jan 26 – Feb 22 put spread on the firm for 60 cents on ISE. Sentiment data indicate Jan 26 puts were bought and Feb 22 puts sold to open a new diagaonal spread. The position is being initiated after the stock moved up from $23.16 on 11/23, or 14.7 percent, and is possibly a bet that shares will fall below $26 (~2.3%) through the Jan expiration (46 days) but not below $22 (~17.4%) through the February expiry (74 days).