Puts Purchased on Accuride

Shares of Accuride

are lower on the session by 1.04%, currently trading at $12.87. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $12.50 put traded 1,000 times on open interest of 10 contracts. Overall put volume is now running at 28.86x the daily average with 100% of all puts traded being purchases on the offer. Accuride Corporation is engaged in manufacturing and supplying of commercial vehicle components in North America. The products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and other commercial vehicle components.