Puts Purchased on Emerson Electric Co. (EMR)

Shares of Emerson Electric Co. EMR are higher on the session by 1.58%, currently trading at $55.90. The stock has been moving largely lower over the past three weeks and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the September 2011 $50.00 put was purchased 5,400 times, on the offer, on open interest of only 1,754 contracts. Overall put volume is now running at 3.60x the daily average with % of all puts traded being purchases on the offer. Emerson Electric Co. is a diversified global technology company. It is engaged in designing and supplying product technology and delivering engineering services and solutions in a range of industrial, commercial and consumer markets around the world.