Downside Purchased on FormFactor (FORM)
Shares of FormFactor Inc. (NASDAQ: FORM) are lower on the session by 2.22%, currently trading $11.46. The stock has been cascading lower for the better part of six months, making lower highs and lower lows. The stock is trading at fresh 52-week lows.
Options traders continue to buy puts in the name today; the action has been in small lots, though the July $15 put was purchased 900 times earlier in the session. The trade occurred on the offer on open interest of 2,232 contracts.
Put volume is running at 4.11x the daily average.
FormFactor, Inc. designs, develops, manufactures, sells and supports precision semiconductor wafer probe cards. The Company has facilities in United States, Japan, Germany, Taiwan, Italy, South Korea and Singapore and the People's Republic of China.
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