Puts Purchased on Barnes Group (B)
By Michael J. Zerinskas
February 18, 2011 2:57 PM
February 18, 2011 2:57 PM
Symbols: B
Shares of Barnes Group (NYSE: B) are lower on the session by 4.42%, currently trading at $20.77. 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 Feb 2011 $20.00 put was purchased 1,600 times, on the offer, on open interest of 90 contracts.
Overall put volume is now running at 171.80x the daily average with 70% of all puts traded being purchases on the offer.
Barnes Group Inc. is an international logistical services company, and aerospace and industrial components manufacturer serving a range of end markets and customers.
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