Puts Purchased on Masco Corporation (MAS)

Shares of Masco Corporation MAS are lower on the session by 0.42%, currently trading at $14.11. 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 February 2011 $14.00 put was purchased 5,000 times, on the offer, on open interest of 31,731 contracts. Overall put volume is now running at 5.27x the daily average with 86% of all puts traded being purchases on the offer. 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.