Puts Sold on Texas Industries (TXI)
July 28, 2010 2:21 PM
Shares of Texas Industries Inc. (NYSE: TXI) are lower on the session by 1.11%, currently trading at $33.82. The stock has been moving largely lower over the past four months, though has popped higher as of late and is now trading above the 50-day moving average.
Options traders are selling puts on the name today. Though action has been primarily in small lots, put volume is now running at 2.26x the daily average. The January 2011 $35, $30, and $25 puts was all sold over 350 times today.
Texas Industries, Inc. is a supplier of heavy construction materials in the United States. The company operates in three segments: cement, aggregates and consumer products. Its cement segment produces gray portland cement and specialty cements.
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