Notable Put Options Activity in Sherwin-Williams
January 03, 2012 11:49 AM
Shares of Sherwin-Williams (NYSE: SHW) are higher on the session by 1.93%, currently trading at $90.99. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $90.00 put, which has traded 1,400 times on open interest of 7 contracts.
Put volume is outpacing call volume by 5 to 1.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America, with additional operations in the Caribbean region, Europe and Asia.
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