Notable Put Options Activity in RF Micro Devices

Shares of RF Micro Devices (NASDAQ: RFMD) are higher on the session by 2.85%, currently trading at $6.49. The stock has been moving largely lower over the past two months, though it is currently testing the 50-day moving average.

Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2013 $5.00 put, which has traded 1,370 times on open interest of 8,422 contracts.

Put volume is outpacing call volume by 6 to 1.

RF Micro Devices, Inc. is engaged in the design and manufacture of radio frequency components and compound semiconductor technologies. RFMD manufacturers gallium arsenide based and gallium nitride compound semiconductors for RF applications.