Puts Purchased on RF Micro Devices (RFMD)
April 13, 2011 12:58 PM
Shares of RF Micro Devices (NASDAQ: RFMD) are lower on the session by 1.01%, currently trading at $5.87. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages.
Options traders are buying puts on the name today. A short while ago the January 2012 $5.00 put was purchased 2,000 times, on the offer, on open interest of 1,900 contracts.
Overall put volume is now running at 7.02x the daily average with 100% of all puts traded being purchases on the offer.
RF Micro Devices, Inc. designs and manufactures radio frequency components and compound semiconductor technologies. The company's products enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network, cable television (CATV)/broadband, and aerospace and defense markets.
