Puts Purchased on Jarden Corporation (JAH)

Shares of Jarden Corporation JAH are lower on the session by 0.88%, currently trading at $32.74. The stock has been moving largely sideways over the past four months, though it 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 July 2011 $35.00 put was purchased 2,000 times, on the offer, for $4.50 on open interest of only 600 contracts. This signals new positioning on the name. Overall put volume is now running at 18.19x the daily average with 70% of all puts traded being purchases on the offer. Jarden Corporation is a global consumer products company. The company is a provider of a range of consumer products. Jarden operates in three business segments: Outdoor Solutions, Consumer Solutions and Branded Consumables.