Puts Purchased on Ultralife Corporation

Shares of Ultralife Corporation (NASDAQ: ULBI) are higher on the session by 0.42%, currently trading at $4.77. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average.

Options traders are buying puts on the name today. A short while ago the December 2011 $5.00 put was purchased 2,200 times, on the offer, on open interest of 713 contracts.

Overall put volume is now running at 71.52x the daily average with 89% of all puts traded being purchases on the offer.

Ultralife Corporation offers products and services ranging from portable and standby power solutions to communications and electronics systems.