Puts Purchased on ArvinMeritor, Inc. (ARM)
January 03, 2011 11:45 AM
Shares of ArvinMeritor, Inc. (NYSE: ARM) are higher on the session by 1.12%, currently trading at $20.75. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying puts on the name today. A short while ago the May 2011 $14.00 put was purchased 500 times, on the offer, on open interest of 1,074 contracts. The May $13.00 put also appears to have been bought 500 times on open interest of 76 contracts.
This may be a roll from one strike to the next, though.
Overall put volume is now running at 2.47x the daily average with 70% of all puts traded being purchases on the offer.
ArvinMeritor, Inc. is a global supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors.
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