Puts Purchased on Masco

Shares of Masco MAS are lower on the session by 8.50%, currently trading at $8.40. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the October 2011 $9.00 put traded 800 times on open interest of 1,516 contracts. Overall put volume is now running at 3.93x the daily average with 95% of all puts traded being purchases on the offer. Masco Corporation manufactures, distributes and installs home improvement and building products. It is manufacturer of a range of home improvement and building products, including faucets, cabinets, architectural coatings and windows, and installers of insulation for the new home construction market.