Protection Purchased in Verigy (VRGY)

Shares of Verigy LTD (NASDAQ: VRGY) are higher on the session by 1.38%, currently trading $10.27. The stock has been selling off as of late and is now trading below both the 50-day and 200-day moving averages. This is usually cause for concern.

I am detecting put buying in the name today with the November $7.50 put purchased on the offer 1,000 times; open interest on the strike as only 2 contracts, which suggests new, bearish positioning.

Verigy Ltd. designs, develops, manufactures and sells advanced test systems and solutions for the semiconductor industry.

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