Trader Takes Profits in NWL Puts

Shares of Newell Rubbermaid Inc. NWL are higher on the session, currently trading $16.59, up 0.61%. The stock recently tested and held the 50-day moving average, which is a bullish technical signal. Options action is also echoing bullishness today with the June $15 put sold on the bid 3,100 times for $0.30. Open interest on the strike is 4,536 contracts, which suggests that this trade closed an existing long position. Newell Rubbermaid Inc. is a global marketer of consumer and commercial products.