Puts Purchased on Advanced Battery Technologies (ABAT)

Shares of Advanced Battery Technologies

are lower on the session by 4.05%, currently trading at $3.51. The stock had been moving largely lower over the past five months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. Though action has been primarily in small lots, overall put volume is now running at 8.21x the daily average with 75% of all puts traded being purchases on the offer. Traders are buying the $5.00 and $2.50 strikes in multiple months. Advanced Battery Technologies, Inc. is a holding company with one direct subsidiary, Cashtech Investment Limited. Cashtech Investment Limited is also a holding company with two subsidiaries: Harbin ZhongQiang Power-Tech Co., Ltd., which manages the assets and operations of Heilongjiang ZhongQiang Power-Tech Co., Ltd., and Wuxi ZhongQiang Autocycle Co., Ltd., which is engaged in the business of manufacturing and distributing electric vehicles that utilize batteries manufactured by ZQ Power-Tech.