Notable Put Options Activity in China Medical Technologies

Shares of China Medical Technologies

are lower on the session by 21.01%, currently trading at $2.67. 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. The strike seeing the heaviest action is the December 2011 $3.00 put, which has traded 5,300 times on open interest of 5,749 contracts. Large lots are active in Dec2011 and Jan2012. Put volume is outpacing call volume by 3 to 1. China Medical Technologies, Inc. is principally engaged in the commercialization, manufacture and sale of medical devices and supplies to customers primarily in the People's Republic of China.