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Shares of SunPower
SPWR are lower on the session by 1.02%, currently trading at $7.73. The stock has been moving largely higher over the past two weeks 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 April 2012 $7.00 put, which has traded 2,400 times on open interest of 203 contracts.
Put volume is outpacing call volume by 7 to 1.
SunPower Corporation is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers.
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