Puts Purchased on Finisar Corporation (FNSR)

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Shares of Finisar Corporation (NASDAQ: FNSR) are lower on the session by 9.38%, currently trading at $19.28. The stock has been moving largely higher over the past two months, rallying through a break out level at $18.00. Options traders are buying protection on the name today. A short while ago the November $19.00 put was purchased 1,900 times, on the offer, on open interest of only 38 contracts. This signals new positioning on the name. Overall put volume is now running at 5.22x the daily average, 75% on the offer. Finisar Corporation is a provider of optical subsystems and components that connect short-distance local area networks, and storage area networks, and longer distance metropolitan area networks fiber-to-the-home networks, cable television networks and wide area networks.

Crypto Whales Are Loading Up — Are You?

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