Notable Put Options Activity in Sigma Designs

Shares of Sigma Designs

are higher on the session by 1.63%, currently trading at $33.82. 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 focusing on puts today. A short while ago the January 2012 $7.50 put traded 2,900 times on open interest of 2,690 contracts. Put volume is outpacing call volume by 48 to 1. Sigma Designs, Inc. is a fabless provider of system-on-chip solutions, which are used to deliver multimedia entertainment throughout the home.