Puts Purchased on Century Aluminum Company

Shares of Century Aluminum Company CENX are lower on the session by 1.22%, currently trading at $14.52. The stock has been moving largely lower over the past two 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 $14.00 put was purchased 1,000 times, on the offer, on open interest of 1,747 contracts. Overall put volume is now running at 2.40x the daily average with 100% of all puts traded being purchases on the offer. Century Aluminum Company is engaged in producing aluminum. The primary aluminum capacity includes the facility in Grundartangi, Iceland with capacity of 260,000 metric tons per year, the facility in Hawesville, Kentucky with capacity of 244,000 mtpy; a facility in Ravenswood, West Virginia, currently curtailed, with capacity of 170,000 mtpy; and a 49.7% interest in a facility in Mt. Holly, South Carolina, which provides with capacity of 111,000 mtpy.