Puts Purchased on Newell Rubbermaid

Shares of Newell Rubbermaid NWL are higher on the session by 0.42%, currently trading at $14.40. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the December 2011 $16.00 put was purchased 2,700 times, on the offer, on open interest of 3,000 contracts. Overall put volume is now running at 2.31x the daily average with 100% 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.