Notable Put Options Activity in Cabot Microelectronics

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Shares of Cabot Microelectronics (NASDAQ: CCMP) are higher on the session by 0.86%, currently trading at $51.32. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $45.00 put, which has traded 1,200 times on open interest of 199 contracts. Put volume is outpacing call volume by 15 to 1. Cabot Microelectronics Corporation is a supplier of polishing slurries and a chemical mechanical planarization pad supplier used in the manufacture of advanced integrated circuit devices within the semiconductor industry, in a process called CMP.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!