Downside Purchased on Plantronics (PLT)

Shares of Plantronics Inc.

are lower on the session by 0.19%, currently trading at $31.27. The stock is rallying nicely this week; this comes on the heels of a sizeable move lower in May. The stock is fighting to hold the 50-day moving average today. Options traders are betting that current levels do not hold and are buying puts. The July $30 put was purchased 1,050 times on open interest of 1,502 contracts. Put volume is now running at 6x the daily average. Plantronics, Inc. is a global designer, manufacturer, and marketer of lightweight communications headsets, telephone headset systems, and accessories for the business and consumer markets under the Plantronics brand. Learn how to find the best

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