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Shares of Sealed Air
SEE are lower on the session by 1.55%, currently trading at $20.39. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the May 2012 $20.00 put, which has traded 4,800 times on open interest of 263 contracts. The Apr2012 $17.50 put also traded 1,400 times on 1,166 contracts.
Put volume is outpacing call volume by 65 to 1.
Sealed Air Corporation is a manufacturer of a range of packaging and performance-based materials and equipment systems, which serves a range of food, industrial, medical and consumer applications.
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