Puts Purchased on Duoyuan Global Water Inc. (DGW)
Shares of Duoyuan Global Water Inc. (NYSE: DGW) are lower on the session by 3.19%, currently trading at $8.80. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages.
Options traders are buying puts on the name today. A short while ago the April 2011 $7.50 put was purchased 850 times, on the offer, on open interest of 449 contracts. There has been small lot put buying across many strikes today.
Overall put volume is now running at 3.75x the daily average with 100% of all puts traded being purchases on the offer.
Duoyuan Global Water Inc. is a China-based domestic water treatment equipment supplier. Its product offerings address steps in the water treatment process, such as filtration, water softening, water-sediment separation, aeration, disinfection and reverse osmosis.
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