Puts Purchased on CEMEX

Shares of CEMEX (NYSE: CX) are lower on the session by 4.71%, currently trading at $6.88. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.

Options traders are buying puts on the name today. A short while ago the January 2012 $4.00 put traded 2,700 times on open interest of 0 contracts.

Overall put volume is now running at 2.61x the daily average with 90% of all puts traded being purchases on the offer.

CEMEX, S.A.B. de C.V. is a global cement manufacturer with operations in North America, Europe, South America, Central America, the Caribbean, Africa, the Middle East and Asia.