Puts Sold on Under Armour (UA)

Shares of Under Armour Inc.

are lower on the session by 1.18%, currently trading at $37.78. The stock has been moving largely higher over the past six months and is trading just off of a fresh 52-week high that was set this morning. Options traders are buying protection on the name today. The October $35.00 put was purchased 1,700 times, on the offer, earlier in the session; open interest on the strike is 1,679 contracts. Put volume is now running at 4x the daily average. Under Armour, Inc. is engaged in developing, marketing and distributing branded performance apparel, footwear and accessories for men, women and youth. Its products are sold worldwide and are worn by athletes at all levels, from youth to professional, on playing fields, as well as consumers with active lifestyles.