Puts Purchased on Praxair

Shares of Praxair (NYSE:

) are lower on the session by 1.57%, currently trading at $108.74. The stock has been moving largely higher over the past six weeks and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the January 2012 $95.00 put traded 1,600 times on open interest of 1,172 contracts. Overall put volume is now running at 4.24x the daily average with 98% of all puts traded being purchases on the offer. Praxair, Inc. is an industrial gas supplier. Praxair's primary products for its industrial gases business are atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene).