Puts Purchased on Johnson Controls, Inc. (JCI)

Shares of Johnson Controls, Inc. JCI are lower on the session by 3.41%, currently trading at $39.34. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the May 2011 $42.00 put was purchased 1,600 times, on the offer, on open interest of only 38 contracts. Overall put volume is now running at 2.84x the daily average with 88% of all puts traded being purchases on the offer. Johnson Controls, Inc. provides automotive interiors. For buildings, the company offers products and services that optimize energy use. It also provides batteries for automobiles and hybrid electric vehicles, along with related systems engineering, marketing and service expertise.