Puts Purchased on Lubrizol (LZ)

Shares of The Lubrizol Corporation LZ are lower on the session by 0.66%, currently trading at $102.16. The stock has been moving largely higher over the past three months, breaking to new 52-week high just yesterday. Options traders are buying protection on the name today. The September $100.00 put was just purchased 1,520 times, on the offer, for $0.75 a short while ago; open interest on the strike is only 94 contracts. This signals new positioning on the name. Put volume is now running at 9.64x the daily average. The Lubrizol Corporation is a specialty chemical company. It supplies technologies and produce additives, ingredients, resins and compounds for the company's products in the global transportation, industrial and consumer markets. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.