Notable Put Options Activity in Universal Display

Shares of Universal Display

are lower on the session by 0.23%, currently trading at $44.10. The stock has been moving largely higher over the past two 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 March 2012 $45.00 put, which has traded 1,100 times on open interest of 1,464 contracts. The Mar2012 $35.00 put also traded 1,080 times on 1,561 contracts. Put volume is outpacing call volume by 4 to 1. Universal Display Corporation is engaged in research, development and commercialization of organic light emitting diode, technologies and materials.