Puts Purchased on Tempur-Pedic International

Shares of Tempur-Pedic International TPX are higher on the session by 2.44%, currently trading at $65.03. 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 August 2011 $75.00 put was purchased 3,000 times, on the offer, on open interest of 0 contracts. Overall put volume is now running at 3.55x the daily average with 96% of all puts traded being purchases on the offer. Tempur-Pedic International Inc. is a manufacturer, marketer and distributor of mattresses and pillows, which it sells in approximately 80 countries under the TEMPUR and Tempur-Pedic brands. The company has two segments: North America and International.