Puts Purchased on Jarden
July 26, 2011 2:56 PM
Shares of Jarden (NYSE: JAH) are lower on the session by 2.05%, currently trading at $33.00. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.
Options traders are buying puts on the name today. A short while ago the August 2011 $30.00 put traded 2,000 times on open interest of 120 contracts.
Overall put volume is now running at 58.92x the daily average with 86% of all puts traded being purchases on the offer.
Jarden Corporation is a global consumer products company. Jarden is a provider of a range of consumer products. The company operates in four business segments: Outdoor Solutions, Consumer Solutions, Branded Consumables and Process Solutions. Its sales are principally within the United States.
