Market Overview

Puts Purchased on Spirit AeroSystems Holdings (SPR)

Shares of Spirit AeroSystems Holdings (NYSE: SPR) are higher on the session by 2.94%, currently trading at $25.60. 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 February 2011 $25.00 put was purchased 1,000 times, on the offer, on open interest of 59 contracts.

Overall put volume is now running at 23.87x the daily average with 79% of all puts traded being purchases on the offer.

Spirit AeroSystems Holdings, Inc. is an independent non-OEM (original equipment manufacturer) aircraft parts designer and manufacturer of commercial aerostructures to Boeing.

Posted-In: Short Ideas Technicals Options Trading Ideas

 

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