Puts Purchased on American Axle (AXL)

Shares of American Axle & Manufacturing Holdings Inc.

are lower on the session by 0.33%, currently trading at $12.05. The stock has been moving largely higher over the past five 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 January 2011 $11.00 put was purchased 2,000 times, on the offer, for $0.34 on open interest of only 448 contracts. This signals new positioning on the name. Overall put volume is now running at 3.57x the daily average with 100% of all puts traded being purchases on the offer. American Axle & Manufacturing Holdings Inc. manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, passenger cars, crossover vehicles and commercial vehicles.