Puts Purchased on Martin Marietta Materials (MLM)

Shares of Martin Marietta Materials MLM are higher on the session by 0.43%, currently trading at $93.00. The stock has been moving largely higher over the past four 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 January 2011 $95.00 put was purchased 1,000 times, on the offer, for $3.50 on open interest of only 274 contracts. This signals new positioning on the name. Overall put volume is now running at 6.38x the daily average with 96% of all puts traded being purchases on the offer. Martin Marietta Materials, Inc. engages in the production and sale of aggregates for the construction industry in the United States, Canada, the Bahamas, and the Caribbean Islands. Martin Marietta Materials was founded in 1993 and is based in Raleigh, North Carolina.