Notable Put Options Activity in Varian Semiconductor

Shares of Varian Semiconductor VSEA are lower on the session by 1.08%, currently trading at $61.13. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the November 2011 $60.00 put traded 680 times on open interest of 5,203 contracts. Put volume is outpacing call volume by 3 to 1. Varian Semiconductor Equipment Associates, Inc. is a supplier of ion implantation systems, which the company refers to as tools, used in the fabrication of integrated circuits, which it refers to as microchips or chips.