Puts Sold on Ball Corp. (BLL)
July 29, 2010 1:26 PM
Shares of Ball Corp. (NYSE: BLL) are flat on the session, currently trading at $57.09. The stock has been moving largely higher over the past two months, off from recent lows near $48.00.
Options traders are selling puts on the name today. The August $55 put was sold 1,800 times, on or near the bid, earlier in the session; open interest on the strike is only 478 contracts. This signals new positioning on the strike.
Put volume is now running at 10.18x the daily average.
Ball Corporation is a supplier of metal and plastic packaging, to the beverages, food and household product industries. The company also supplies aerospace and other technologies and services to governmental and commercial customers within its aerospace and technologies segment.
