Puts Purchased on Jarden Corporation (JAH)
January 20, 2011 11:35 AM
Shares of Jarden Corporation (NYSE: JAH) are lower on the session by 0.88%, currently trading at $32.74. The stock has been moving largely sideways over the past four months, though it 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 July 2011 $35.00 put was purchased 2,000 times, on the offer, for $4.50 on open interest of only 600 contracts. This signals new positioning on the name.
Overall put volume is now running at 18.19x the daily average with 70% of all puts traded being purchases on the offer.
Jarden Corporation is a global consumer products company. The company is a provider of a range of consumer products. Jarden operates in three business segments: Outdoor Solutions, Consumer Solutions and Branded Consumables.
