Put Volume Grows on Estee Lauder (EL)

Shares of Estee Lauder Co. EL are lower on the session by 6.05%, currently trading $55.91. The stock has been drifting lower for the past five weeks and traders don’t see the slide abating anytime soon. Put volume is rising in the name and is now at over 3.05x the daily average with 75% of all puts traded being purchases on the offer. Traders are focusing in on the $60, 55, and 50 puts in multiple months. The Estee Lauder Companies Inc. is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. Its products are sold in over 140 countries and territories under the brand names, which include Estee Lauder, Aramis, Clinique, Origins, MzAzC, Bobbi Brown, La Mer and Aveda.