Notable Put Options Activity in Eaton

Shares of Eaton

are lower on the session by 0.35%, currently trading at $48.21. The stock has been moving largely higher over the past two 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 $45.00 put, which has traded 2,600 times on open interest of 1,091 contracts. The majority of the volume stems from paper buying 1,947 contracts at $0.65. Put volume is outpacing call volume by 3 to 1. Eaton Corporation is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.