Notable Put Options Activity in Silicon Laboratories

Shares of Silicon Laboratories

are higher on the session by 0.80%, currently trading at $45.86. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the July 2012 $50.00 put, which has traded 1,120 times on open interest of 11 contracts. Put volume is outpacing call volume by 32 to 1. Silicon Laboratories Inc. designs and develops analog-intensive, mixed-signal integrated circuits for a range of applications. Its mixed-signal ICs are electronic components that convert analog signals, such as sound and radio waves, into digital signals that electronic products can process.