Puts Purchased on Owens Corning (OC)
Symbols: 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.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
