Puts Purchased on Fuel Systems Solutions (FSYS)

Shares of Fuel Systems Solutions

are lower on the session by 5.00%, currently trading at $26.05. The stock has been trading largely sideways ever since a steep sell off in January. Options traders are buying puts on the name today. The August $25.00 put was purchased 1,400 times, on the offer, a short while ago; open interest on the strike was 659 contracts. This signals new, bearish positioning on the name. Put volume is running at 3x the daily average. Fuel Systems Solutions, Inc. engages in the design, manufacture, and supply of alternative fuel components and systems for use in the transportation, industrial, and power generation industries. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines.