Protection Purchased on Fuel System Solutions (FSYS)

Shares of Fuel Systems Solutions Inc.

are higher on the session by 1.31%, currently trading at $26.29. The stock has been trading largely lower for the past six months and is below both the 50-day and 200-day moving averages. Options traders are buying a bit of protection today. The July $27.00 put was purchased, near the offer, 2,300 times on open interest of only 132 contracts. This suggests new positioning on the strike. It is possible these puts were purchased as hedges to long shares, which seems to be the theme in the options pits today. Put volume is now running at over 5x the daily average. Fuel Systems Solutions, Inc. designs, manufactures and supplies alternative fuel components and systems for use in the transportation and industrial markets. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. See Some of the Top Moving Indexes