Puts Purchased on Cemex SAB (CX)

Shares of Cemex SAB CX are lower on the session by 1.44%, currently trading at $9.56.The stock has been moving largely sideways for the past six months, though is trading below both the 50-day and 200-day moving averages. Options traders are buying puts on the name today. The January 2012 $5.00 put was purchased 2,500 times, on the offer, in a single block for $0.70. Open interest on the strike is 200 contracts, signaling new, bearish positioning on the strike. Put volume is now running at 4x the daily average. CEMEX, S.A.B. de C.V. is a global cement manufacturer with operations in North America, Europe, South America, Central America, the Caribbean, Africa, the Middle East and Asia. The company is a holding company engaged through the operating subsidiaries in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker.