Puts Purchased on Brunswick

Shares of Brunswick (NYSE: BC) are lower on the session by 5.27%, currently trading at $20.50. The stock has been moving largely higher over the past eight weeks and is currently trading above the 50-day moving average.

Options traders are buying puts on the name today. A short while ago the September 2011 $21.00 put traded 1,700 times on open interest of 12 contracts.

Overall put volume is now running at 17.52x the daily average with 84% of all puts traded being purchases on the offer.

Brunswick Corporation is a global designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness equipment and bowling and billiards equipment.