Protection Purchased on Dupont (DD)

Shares of E. I. du Pont de Nemours and Company DD are lower on the session by 0.11%, currently trading at $46.82. The stock has put in a strong performance over the past three and a half months, jumping off of the $33.75 level and pushing toward a new 52-week high at $47.01. Options traders are buying protection on the name today. A short while ago the November $45.00 put was purchased 3,000 times, on the offer, for $0.93-0.95 on open interest of only 574 contracts. This signals new positioning on the name. Traders came after the puts, hitting the offer, even as shares continued to turn around and push toward the flat line. E. I. du Pont de Nemours and Company offers a range of products and services for markets, including agriculture, food, building, construction, electronics, communications, general industrial and transportation. The company's segments include Agriculture & Nutrition, Electronics & Communications, Performance Chemicals, Performance Coatings, Performance Materials, Safety & Protection, and Pharmaceuticals.