Notable Put Options Activity in GT Advanced Technologies

Shares of GT Advanced Technologies

are higher on the session by 1.22%, currently trading at $8.28. 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 December 2011 $7.50 put traded 1,750 times on open interest of 2,461 contracts. Put volume is outpacing call volume by 14 to 1. GT Advanced Technologies Inc., formerly GT Solar International, Inc., through its subsidiaries, is a global provider of polysilicon production technology and multicrystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry, and sapphire growth systems and material for the light emitting diode (

) and other specialty markets.