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Shares of Owens-Illinois
OI are higher on the session by 2.33%, currently trading at $21.70. The stock has been moving largely higher over the past two months and is currently trading below the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $20.00 put, which has traded 1,000 times on open interest of 2,175 contracts. Large lots are active in Jan2012 and Feb2012.
Put volume is outpacing call volume by 6 to 1.
Owens-Illinois, Inc. is a manufacturer of glass containers with 81 glass manufacturing plants in 21 countries. It produces glass containers for beer, ready-to-drink low alcohol refreshers, spirits, wine, food, tea, juice and pharmaceuticals.
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