Puts Purchased on Owens Corning (OC)

Shares of Owens Corning (NYSE: OC) are lower on the session by 0.32%, currently trading at $30.80. The stock has been moving largely lower over the past four months in a downward-trending channel.

Options traders are buying puts on the name today. The August $25.00 put was purchased 4,000 times, on the offer, for $0.18 a short while ago; open interest on the strike is 4,662 contracts. Put volume is now running at 3.02x the daily average.

Owens Corning is a producer of glass fiber reinforcements and other materials for composites and of residential and commercial building materials.