Puts Purchased on Dover Corporation

Shares of Dover Corporation DOV are higher on the session by 0.91%, currently trading at $62.05. The stock has been moving largely lower over the past three months, though it is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the December 2011 $50.00 put was purchased 1,100 times, on the offer, on open interest of 127 contracts. Overall put volume is now running at 10.86x the daily average with 100% of all puts traded being purchases on the offer. Dover Corporation owns and operates a global portfolio of manufacturing companies providing components and equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets.