Notable Put Options Activity in SunPower

Shares of SunPower

are lower on the session by 6.06%, currently trading at $10.55. 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 September 2011 $17.00 put traded 1,100 times on open interest of 6,645 contracts. The Sept2011 $16.00 put also traded 1,700 times on 11,991 contracts. Put volume is outpacing call volume by 7 to 1. SunPower Corporation is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers.