Puts Purchased on Waters Corp. (WAT)

Shares of Waters Corp. WAT are flat on the session, currently trading at $65.42. The stock has been moving largely higher over the past six months, though it has recently traded below the 50-day moving average. Options traders are buying puts on the name today. The July $65.00 put was purchased 1,300 times, on the offer, earlier in the session; open interest on the strike is 175 contracts, suggesting that a new, bearish position was entered into. Put volume is now running at 9.59x the daily average. Waters Corporation is an analytical instrument manufacturer. Through its Waters Division, Waters designs, manufactures, sells and services high-performance liquid chromatography, ultra performance liquid chromatography (referred to as liquid chromatography) and mass spectrometry instrument systems and support products, including chromatography columns and other consumable products, and post-warranty service plans.