Notable Put Options Activity in China Medical Technologies
By Michael J. Zerinskas
December 06, 2011 1:34 PM
December 06, 2011 1:34 PM
Shares of China Medical Technologies (NASDAQ: CMED) are lower on the session by 21.01%, currently trading at $2.67. 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. The strike seeing the heaviest action is the December 2011 $3.00 put, which has traded 5,300 times on open interest of 5,749 contracts. Large lots are active in Dec2011 and Jan2012.
Put volume is outpacing call volume by 3 to 1.
China Medical Technologies, Inc. is principally engaged in the commercialization, manufacture and sale of medical devices and supplies to customers primarily in the People's Republic of China.
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