1x2 Put Spread Trades on Logitech International

Shares of Logitech International

are higher on the session by 2.83%, currently trading at $10.53. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the October 2011 $12.00 put traded 1,300 times on open interest of 0 contracts. The Oct20110 $11.00 put also traded 2,600times on 0 contracts. This appears to be a long 1x2 put spread. Logitech International S.A. is a provider of personal peripherals for computers and other digital platforms.