Puts Purchased on Actuant

Shares of Actuant ATU are lower on the session by 0.31%, currently trading at $26.03. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $25.00 put traded 1,000 times on open interest of 91 contracts. Overall put volume is now running at 143.14x the daily average with 100% of all puts traded being purchases on the offer. Actuant Corporation is a manufacturer of a range of industrial products and systems. The company is organized into four segments: Industrial, Energy, Electrical and Engineered Solutions.