Notable Put Options Activity in Cirrus Logic

Shares of Cirrus Logic

are higher on the session by 0.21%, currently trading at $14.20. 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 $16.00 put traded 3,300 times on open interest of 1,292 contracts. Put volume is outpacing call volume by 41 to 1. Cirrus Logic, Inc. develops high-precision, analog and mixed-signal integrated circuits for a range of audio and energy markets.