Puts Purchased on Whirlpool

Shares of Whirlpool WHR are higher on the session by 0.36%, currently trading at $75.34. The stock has been moving largely lower over the past four months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $70.00 put traded 4,500 times on open interest of 2,408 contracts. Overall put volume is now running at 3.48x the daily average with 86% of all puts traded being purchases on the offer. Whirlpool Corporation manufactures products in 12 countries under 13 brand names and markets products globally.