Notable Put Options Activity in Ingersoll-Rand

Shares of Ingersoll-Rand

are lower on the session by 0.67%, currently trading at $40.33. The stock has been moving largely higher over the past three 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 June 2012 $34.00 put, which has traded 3,590 times on open interest of 325 contracts. Put volume is outpacing call volume by 25 to 1. Ingersoll-Rand plc is a diversified, global company that provides products, services and solutions to enhance the comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties.