Shares of Thomas & Betts (NYSE:

) are lower on the session by 0.06%, currently trading at $71.90. 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 September 2012 $70.00 put, which has traded 599 times on open interest of 911 contracts. Small lots are active on the name. Put volume is outpacing call volume by 1,000 to 1. Thomas & Betts Corporation is a designer and manufacturer of essential components used to manage the connection, distribution, transmission and reliability of electrical products in industrial, construction and utility applications.