Puts Purchased on CEMEX, S.A.B. (CX)

Shares of CEMEX, S.A.B. CX are lower on the session by 0.11%, currently trading at $8.75. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the July 2011 $8.00 put was purchased 5,000 times, on the offer, on open interest of only 1 contract. Overall put volume is now running at 2.28x the daily average with 100% of all puts traded being purchases on the offer. 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.