Puts Purchased on Cameron International (CAM)

Shares of Cameron International Corporation CAM are lower on the session by 0.41%, currently trading at $43.30. The stock has been moving largely higher over the past four months, off of a recent low near $31.80. $45.00 is a significant resistance level. Options traders are buying protection on the name today. A short while ago the November $40.00 put was purchased 1,400 times, on the offer, on open interest of 1,590 contracts. Put volume is now running at 3.54x the daily average, 98% on the offer. Cameron International Corporation is a provider of flow equipment products, systems and services to worldwide oil, gas and process industries. The Company's operations are organized into three business segments: Drilling & Production Systems, Valves & Measurement and Compression Systems.