Notable Put Options Activity in Emulex
Shares of Emulex (NYSE: ELX) are lower on the session by 2.34%, currently trading at $7.52. The stock has been moving largely lower over the past five weeks 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 January 2012 $9.00 put, which has traded 6,300 times on open interest of 9,252 contracts.
Put volume is outpacing call volume by 19 to 1.
Emulex Corporation is a provider of a range of network convergence solutions that connect servers, storage, and networks within the data center.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.