Options Brief: Lorillard, Inc.

Shares of Lorillard, Inc. LO are lower on the session by 2.00%, trading at $112.93. Overall put volume is now running at 2.11x the daily average, with 46% of all puts traded being purchases on the offer. 4,319 contracts have traded on the session so far. Lorillard, Inc. is the manufacturer of cigarettes in the United States. Its Newport is a menthol flavored premium cigarette brand. During the year ended December 31, 2010, the Newport brand accounted for approximately 90% of its sales revenue.