Notable Put Options Activity in Aruba Networks

Shares of Aruba Networks (NASDAQ: ARUN) are higher on the session by 2.86%, currently trading at $18.72. 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 January 2012 $20.00 put, which has traded 2,500 times on open interest of 7,913 contracts.

Put volume is outpacing call volume by 6 to 1.

Aruba Networks, Inc. connects local and remote users to corporate information technology resources via distributed enterprise networks.