Puts Purchased on Iron Mountain (IRM)

Shares of Iron Mountain IRM are lower on the session by 2.01%, currently trading at $25.85. The stock has been moving largely higher over the past six 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 March 2011 $25.00 put was purchased 1,500 times, on the offer, on open interest of 1,475 contracts. Overall put volume is now running at 4.87x the daily average with 87% of all puts traded being purchases on the offer. Iron Mountain Incorporated is an information management services company. The company offers records management services, data protection and recovery services, and information destruction services to address information management challenges, such as rising storage costs, litigation, regulatory compliance and disaster recovery.