Puts Purchased on Iron Mountain (IRM)

Shares of Iron Mountain IRM are higher on the session by 1.64%, currently trading at $26.08. The stock has been moving largely higher over the past five 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 April 2011 $22.50 put was purchased 1,000 times, on the offer, on open interest of 2,540 contracts. Overall put volume is now running at 3.73x the daily average with 86% of all puts traded being purchases on the offer. Iron Mountain Incorporated is an information management services company. The company offers records management services, data protection and recovery services, and information destruction services to address information management challenges, such as rising storage costs, litigation, regulatory compliance and disaster recovery.