Notable Put Options Activity in NetLogic Microsystems

Shares of NetLogic Microsystems

are higher on the session by 2.17%, currently trading at $30.67. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the January 2012 $30.00 put traded 800 times on open interest of 0 contracts. The Jan2012 $27.50, $29.00, and $31.00 puts are also active. Put volume is dominating call volume 19 to 1. NetLogic Microsystems, Inc. is a semiconductor company that designs, develops and sells processors and high-speed integrated circuits that are used to enhance the performance, functionality and energy efficiency of advanced mobile wireless infrastructure, data center, enterprise, metro Ethernet, edge and core infrastructure networks