Puts Purchased on Cenveo Inc. (CVO)

Shares of Cenveo Inc. CVO are lower on the session by 2.92%, currently trading at $5.32. The stock has been trading largely lower over the past six months and is in a technical downtrend. Options traders are buying protection on the name today. The July $5.00 put was purchased 2,500 times, on the offer, a short while ago. Open interest on the strike is 6,052 contracts. Put volume is now running at 54x the daily average. Cenveo, Inc. is a diversified printing company in North America. The company's portfolio of products includes forms and labels manufacturing, packaging and publisher offerings, envelope production and commercial printing. It operates a global network of printing and manufacturing, fulfillment and distribution facilities serving a base of over 100,000 customers.