Notable Put Options Activity in Cypress Semiconductor

Shares of Cypress Semiconductor

are lower on the session by 0.21%, currently trading at $16.87. 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 February 2012 $17.00 put, which has traded 1,200 times on open interest of 6 contracts. Put volume is outpacing call volume today. Cypress Semiconductor Corporation is a supplier of programmable solutions in systems. In addition to its programmable system-on-chip platform based programmable solutions, including TrueTouch, PowerPSoC, OvationONS, PSoC 3 and PSoC 5, Cypress also offers West Bridge peripheral controllers, Universal Serial Bus controllers, general-purpose programmable clocks, and a wide portfolio of static random access memories.