Puts Purchased on Ferro

Shares of Ferro FOE are higher on the session by 0.14%, currently trading at $14.06. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $12.50 put traded 2,500 times on open interest of 81 contracts. Overall put volume is now running at 28.85x the daily average with 94% of all puts traded being purchases on the offer. Ferro Corporation is a producer of specialty materials and chemicals, which are sold to a range of manufacturers who, in turn, make products for end-use markets.