Puts Purchased on Amphenol Corp. (APH)
Shares of Amphenol Corp. are lower on the session by 1.49%, currently trading at $45.15. The stock has been moving largely higher over the past three weeks, though is now nearing resistance at $46.00.
Options traders are buying put on the name today. The September $45.00 put was purchased 1,000 times, on the offer, a short while ago; open interest on the strike is 2,030 contracts. Put volume is currently running at 2.05% the daily average.
Amphenol Corporation is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, and coaxial and high-speed specialty cable. The company designs and manufactures connectors and interconnect systems, which are used primarily to conduct electrical and optical signals for a range of sophisticated electronic applications.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.