Puts Sold on Atmel Corporation (ATML)

Shares of Atmel Corporation

are higher on the session by 0.96%, currently trading at $5.24. The stock has been moving in a bottoming pattern over the past four months and is now trading above the 50-day and 200-day moving averages. Options traders are selling puts on the name today, betting that the rally may continue. The November and February 2011 $5.00 puts were both sold over 1,500 times earlier in the session; volume did not exceed open interest on the Nov strike, but did on the Feb strike. Put volume is now running at 35x the daily average. Atmel Corporation designs, develops, manufacture and sells a range of semiconductor integrated circuit products and touch solutions. Its products consist primarily of microcontrollers, advanced logic, mixed-signal, nonvolatile memory, radio frequency and system-level integration semiconductor solutions. You Can't Afford To Miss Out On These Money Making Trading