Put Volume Grows on Align Technology (ALGN)

Shares of Align Technology Inc.

are higher on the session by 3.36%, currently trading at $14.16. The stock has been drifting lower for the past three months and is looking to bottom around these levels. Options traders seem to agree as they are selling some puts on the name. Though action has been primarily in small lots, put sales are running at 11.30x the daily average with 0% of all puts traded being purchases on the offer. Align Technology, Inc. designs, manufactures, and markets the Invisalign system, a method for treating malocclusion, or the misalignment of teeth. Invisalign corrects malocclusion using a series of clear, nearly invisible, removable appliances that gently move teeth to a desired final position.