Put Spread Purchased on Iron Mountain (IRM)

Shares of Iron Mountain Inc.

are higher on the session by 0.29%, currently trading $24.40. The stock fell in early May, but has based sideways since then around the $24 handle. A put spread was purchased on the name today. The October $25.00/22.50 spread was purchased 500 times earlier in the session. Put volume is now running at 4.47x the daily average. Iron Mountain Incorporated is an information management services company. The Company offers records management services, data protection and recovery services, and information destruction services to address information management challenges, such as rising storage costs, litigation, regulatory compliance and disaster recovery.