Puts Purchased on Honda Motor Co., Ltd (HMC)

Shares of Honda Motor Co., Ltd HMC are lower on the session by 3.29%, currently trading at $34.66. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the May $30.00 put was purchased 476 times, on the offer, on open interest of 97 contracts. Overall put volume is now running at 2.37x the daily average with 81% of all puts traded being purchases on the offer. Honda Motor Co., Ltd. develops, produces and manufactures a variety of motor products, ranging from small general-purpose engines and scooters to specialty sports cars.