Puts Purchased on Masco Corp. (MAS)

Shares of Masco Corp. MAS are lower on the session by 2.19%, currently trading at $10.26. The stock has been moving largely lower over the past five months, off from recent highs near $18.60. Options traders are buying protection on the name today, perhaps as a hedge to long shares. The October $10.00 put was purchased 1,000 times on open interest of 1,226 contracts and the October $9.00 put was purchased 2,500 times on open interest of 702 contracts. Put volume is now running at 8x the daily average. Masco Corporation manufactures, distributes and installs home improvement and building products. During the year ended December 31, 2009, approximately 79% of the company's sales were generated by its North American operations. Analyze Any Stock FREE! Click Here.