Puts Purchased on Cameron International Corporation (CAM)

Shares of Cameron International Corporation CAM are lower on the session by 1.30%, currently trading at $50.69. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the December $50.00 put was purchased 1,100 times, on the offer, on open interest of only 19 contracts. The Dec $49.00 put also traded 1,600 times on open interest of 79 contracts. Overall put volume is now running at 6.57x the daily average with 76% of all puts traded being purchases on the offer. Cameron International Corporation is a provider of flow equipment products, systems and services to worldwide oil, gas and process industries. The company's operations are organized into three business segments: Drilling & Production Systems, Valves & Measurement and Compression Systems.