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

Shares of CEMEX, S.A.B. CX are higher on the session by 0.18%, currently trading at $8.29. The stock has been moving largely lower over the past five 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 June 2011 $8.00 put was purchased 10,000 times, on the offer, on open interest of only 593 contracts. This signals new positioning on the name. Overall put volume is now running at 4.70x the daily average with 95% 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.