Puts Purchased on NetLogic Microsystems (NETL)
January 21, 2011 3:12 PM
Shares of NetLogic Microsystems (NASDAQ: NETL) are higher on the session by 0.03%, currently trading at $33.43. The stock has been moving largely higher over the past five months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying puts on the name today. A short while ago the February 2011 $31.00 put was purchased 2,000 times, on the offer, for $0.84 on open interest of only 1,294 contracts. The Feb $34 put also traded 1,500 times on open interest of 3,152 contracts.
Overall put volume is now running at 2.04x the daily average with 77% of all puts traded being purchases on the offer.
NetLogic Microsystems, Inc., is a semiconductor company that designs, develops and sells processors and integrated circuits that are used by original equipment manufacturers in routers, switches, wireless infrastructure equipment, network security appliances, datacenter servers, network access equipment and network storage devices to accelerate the delivery of voice, video, data and multimedia content for advanced enterprise, datacenter, communications and mobile wireless networks.
