Puts Purchased on Cypress Semiconductor
Shares of Cypress Semiconductor (NYSE: CY) are higher on the session by 1.57%, currently trading at $21.32. The stock has been moving largely higher over the past three months and is currently trading above the 200-day moving average.
Options traders are buying puts on the name today. A short while ago the August 2011 $21 put traded 1,500 times on open interest of 2,706 contracts. The September $18.00 put also traded 2,000 times on open interest of 1,551 contracts.
Overall put volume is now running at 2.03x the daily average with 92% of all puts traded being purchases on the offer.
Cypress Semiconductor Corporation is a supplier of programmable solutions in systems. In addition to its programmable system-on-chip platform based programmable solutions.
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