Puts Sold on L-3 Communications (LLL)

Shares of L-3 Communications Holdings Inc.

ended the session higher by 3.53%, trading at $72.80. The stock has been trading largely lower over the past three months, off from recent highs near $98.00. Options traders were selling puts on the name today. The October $75.00 put was sold 1,100 times, near the bid, on open interest of 1,293 contracts. This suggests that a long put position was likely closed out. Put volume was running at 3x the daily average today. L-3 Communications Holdings, Inc. is a prime system contractor in aircraft modernization and maintenance, command, control, communications, intelligence, surveillance and reconnaissance systems, and government services. L-3 is also a provider of technology products, subsystems and systems. You Can't Afford Miss Out On These Money Making Trading