Notable Put Options Activity in SunPower

Shares of SunPower

are higher on the session by 0.09%, currently trading at $10.78. 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 $16.00 put traded 400 times on open interest of 12,007 contracts. Put volume is outpacing call volume 5 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.