Notable Put Options Activity in TE Connectivity

Shares of TE Connectivity TEL are higher on the session by 0.69%, currently trading at $34.89. 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 $35.00 put traded 1,200 times on open interest of 4,734 contracts. Put volume is outpacing call volume by 13 to 1. TE Connectivity Ltd., formerly Tyco Electronics Ltd., designs and manufactures over 500,000 products that connect and protect the flow of power and data inside various products.