Puts Purchased on Sanmina-SCI
By Michael J. Zerinskas
August 02, 2011 2:27 PM
August 02, 2011 2:27 PM
Shares of Sanmina-SCI (NASDAQ: SANM) are lower on the session by 4.38%, currently trading at $10.79. The stock has been moving largely lower over the past five 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 January 2012 $10.00 put traded 1,100 times on open interest of 83 contracts.
Overall put volume is now running at 3.68x the daily average with 96% of all puts traded being purchases on the offer.
Sanmina-SCI Corporation is an independent global provider of customized, integrated electronics manufacturing services
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