Puts Purchased on W.W. Grainger (GWW)

Shares of W.W. Grainger GWW are higher on the session by 0.28%, currently trading at $125.85. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the November $125.00 put was purchased 1,250 times, on the offer, on open interest of only 551 contracts. This signals new positioning on the name. Overall put volume is now running at 5.31x the daily average with 91% of all puts traded being purchases on the offer. W.W. Grainger, Inc. distributes facilities maintenance products and provides related services and information used by businesses and institutions primarily in the United States, Canada, Japan and Mexico. It is the supplier of facilities maintenance and other related products and services in North America