Puts Purchased on Newell Rubbermaid (NWL)

Shares of Newell Rubbermaid NWL are lower on the session by 0.54%, currently trading at $18.37. The stock has been moving largely lower over the past three months and is currently trading between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the December 2011 $18.00 put traded 3,000 times, on open interest of 3,043 contracts. The December $17 put also traded 3,000 times on open interest of 3,033 contracts. Overall put volume is now running at 9.05x the daily average with 83% of all puts traded being purchases on the offer. Newell Rubbermaid Inc. is a global marketer of consumer and commercial products. Its products are marketed under a portfolio of brands, including Rubbermaid, Graco, Aprica, Levolor, Calphalon, Goody, Sharpie, Paper Mate, Dymo, Parker, Waterman, Irwin, Lenox and Technical Concepts.