Puts Purchased on Tessera Technologies, Inc.

Shares of Tessera Technologies, Inc.

are lower on the session by 0.43%, currently trading at $16.09. The stock has been moving largely lower over the past six months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $15.00 put was purchased 1,800 times, on the offer, on open interest of 10 contracts. Overall put volume is now running at 9.59x the daily average with 99% of all puts traded being purchases on the offer. Tessera Technologies, Inc. develops, licenses and manufactures technologies in two areas: Micro-electronics, and Imaging & Optics. The company's Micro-electronics include semiconductor packaging technologies consisting of interconnect and substrates, and thermal management technology.