Notable Put Options Activity in Cabot Microelectronics

Shares of Cabot Microelectronics (NASDAQ: CCMP) are higher on the session by 0.86%, currently trading at $51.32. 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 March 2012 $45.00 put, which has traded 1,200 times on open interest of 199 contracts.

Put volume is outpacing call volume by 15 to 1.

Cabot Microelectronics Corporation is a supplier of polishing slurries and a chemical mechanical planarization pad supplier used in the manufacture of advanced integrated circuit devices within the semiconductor industry, in a process called CMP.

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