WR Grace (GRA, news, chart, volatility) is seeing bearish order flow Wednesday. The stock is down 78 cents to $14.34 and volume in the options market is running 4 times the usual. 11,000 puts have traded, compared to 1,150 call options. The January 10 puts are the most acties. 8,800 have traded, with 82 percent trading on the offer. With existing open interest of 236 contracts, today’s volume appears to be opening buy orders. Similar action is being seen in the November 12.5. There is no news to explain the share price weakness or the put buying, but the activity certainly hints at bearish trading and possible worries about further losses in shares of the Columbia, MD chemical company.