Puts Purchased on Crown Holdings (CCK)

Shares of Crown Holdings Inc. CCK are higher on the session by 0.21%, currently trading at $28.20. The stock has been moving largely higher over the past two months, off from a recent low of $22.50. The stock’s 52-week high is just above it, at $29.35. Options traders are buying protection on the name today. The August $25.00 put was purchased 1,600 times, on the offer, earlier in the session; open interest on the strike is 2,549 contracts. Put volume is now running at 14.72x the daily average. Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. The company's primary products include steel and aluminum cans for food, beverage, household and other consumer products and metal vacuum closures and caps.