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Shares of Altera
ALTR are higher on the session by 9.15%, currently trading at $40.45. The stock has been moving largely higher over the past two 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 January 2012 $40.00 put, which has traded 2,200 times on open interest of 3,310 contracts.
Altera Corporation is a semiconductor company. Altera designs, manufactures and markets programmable logic devices, HardCopy application-specific integrated circuits, intellectual property cores and development software.
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