Puts Purchased on Fastenal Company (FAST)

Shares of Fastenal Company FAST are lower on the session by 0.22%, currently trading at $67.67. 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 April 2011 $65.00 put was purchased 2,000 times, on the offer, on open interest of 513 contracts. Overall put volume is now running at 8.20x the daily average with 100% of all puts traded being purchases on the offer. Fastenal Company sells industrial and construction supplies in a wholesale and retail fashion. As of December 31, 2010, the company had 2,490 store locations located in the United States, Puerto Rico, Canada, Mexico, Singapore, China, The Netherlands, United Kingdom, Hungary and Malaysia.