Puts Purchased on Dover Corporation (DOV)

Shares of Dover Corporation DOV are higher on the session by 0.73%, currently trading at $64.53. 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 June 2011 $60.00 put was purchased 725 times, on the offer, on open interest of only 132 contracts. This signals new positioning on the name. The June $55 and $50 strikes are also active. Overall put volume is now running at 15.26x the daily average with 99% of all puts traded being purchases on the offer. Dover Corporation owns and operates a global portfolio of manufacturing companies providing components and equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets.