Notable Put Options Activity in Varian Semiconductor
Shares of Varian Semiconductor (NASDAQ: VSEA) are lower on the session by 1.08%, currently trading at $61.13. 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. A short while ago the November 2011 $60.00 put traded 680 times on open interest of 5,203 contracts.
Put volume is outpacing call volume by 3 to 1.
Varian Semiconductor Equipment Associates, Inc. is a supplier of ion implantation systems, which the company refers to as tools, used in the fabrication of integrated circuits, which it refers to as microchips or chips.
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