Put Volume Grows on W.W. Grainger (GWW)

Shares of W.W. Grainger GWW ended the session higher by 1.75%, trading at $101.57. The stock has been trading largely lower over the past four months and is now struggling to hold the 200-day moving average. Options traders were buying puts today. Though action has been primarily in small lots, put volume was running at 18x the daily average today. Traders were buying the $100 and $105 strikes in multiple months. W.W. Grainger, Inc. distributes facilities maintenance products and provides related services and information used by businesses and institutions primarily in the United States, Canada, Japan and Mexico. It is the supplier of facilities maintenance and other related products and services in North America.