Notable Put Options Activity in Deer Consumer Products

Shares of Deer Consumer Products (NASDAQ:

) are higher on the session by 11.91%, currently trading at $4.51. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the September 2011 $5.00 put traded 2,500 times on open interest of 6,686 contracts. Put volume is dominating call volume 19 to 1. Deer Consumer Products, Inc., incorporated on July 18, 2006, is a Chinese designer, manufacturer and seller of small home and kitchen electric appliances. Deer develops, promotes, manufactures and sells a range of products, including blenders, juicers and soy milk makers.