Bears Taking Toyota Motor For a Drive (TM)

Shares of TOYOTA MOTOR TM are lower on the session by 1.62%, currently trading at $82.50. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the February $80.00 put was purchased 2,000 times, on the offer, on open interest of only 1,127 contracts. This signals new positioning on the name. Overall put volume is now running at 2.89x the daily average with 92% of all puts traded being purchases on the offer. TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. The company operates through three business segments.