Notable Put Options Activity in TE Connectivity

Shares of TE Connectivity

are higher on the session by 2.21%, currently trading at $35.31. The stock has been moving largely higher over the past six weeks 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 April 2012 $30.00 put, which has traded 988 times on open interest of 3,665 contracts. Put volume is outpacing call volume by 67 to 1. TE Connectivity Ltd., formerly Tyco Electronics Ltd., designs and manufactures over 500,000 products that connect and protect the flow of power and data inside a number of products used by consumers and industries.