Notable Put Options Activity in Powerwave Technologies

Shares of Powerwave Technologies (NASDAQ: PWAV) are lower on the session by 6.69%, currently trading at $0.745. The stock has been moving largely higher over the past two 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 $2.50 put traded 1,000 times on open interest of 4,415 contracts.

Put volume is outpacing call volume by 1,000 to 1.

Powerwave Technologies, Inc. is a global supplier of end-to-end wireless solutions for wireless communications networks.