Notable Put Options Activity in Varian Semiconductor

Shares of Varian Semiconductor

are higher on the session by 0.51%, currently trading at $62.71. 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 1,300 times on open interest of 5,074 contracts. The Nov2011 $55.00 put also traded 1,100 times on 5,284 contracts. Put volume is outpacing call volume by 18 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.