Put Volume Explodes on Kaman Corp. (KAMN)

Shares of Kaman Corp. KAMN are trading higher on the session by 1.03%, currently at $24.54. The stock has been volatile as of late, but has managed to hold the 200-day moving average, which is a bullish sign. What is not so bullish is the put volume that is growing on the name today. Put volume is now running at an amazing 216x the daily average with 68% of all puts traded being purchases on the offer. Volume has been primarily small lots and is focused on the $25 put strike in multiple months. Kaman Corporation is a diversified company that conducts business in the aerospace and industrial distribution markets. The Company operates in two segments: Aerospace and Industrial Distribution.