Puts Purchased on Masco

Shares of Masco MAS are higher on the session by 2.17%, currently trading at $9.43. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the October 2011 $9.00 put traded 1,500 times on open interest of 53 contracts. Overall put volume is now running at 3.42x the daily average with 95% of all puts traded being purchases on the offer. Masco Corporation manufactures, distributes and installs home improvement and building products. It is manufacturer of a range of home improvement and building products, including faucets, cabinets, architectural coatings and windows, and installers of insulation for the new home construction market.