Puts Purchased on Aruba Networks, Inc. (ARUN)
April 01, 2011 12:08 PM
Shares of Aruba Networks, Inc. (NASDAQ: ARUN) are lower on the session by 2.01%, currently trading at $33.16. The stock has been moving largely higher over the past six 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 April 2011 $30.00 put was purchased 5,000 times, on the offer, on open interest of 8,916 contracts.
Overall put volume is now running at 2.50x the daily average with 72% of all puts traded being purchases on the offer.
Aruba Networks, Inc. connects local and remote users to corporate information technology resources via distributed enterprise networks. The company's portfolio of campus, branch office, teleworker, and mobile solutions simplify operations and provide secure access to all corporate applications and services regardless of a user's device, location, or network.
