Notable Put Options Activity in Longtop Financial Technologies

Shares of Longtop Financial Technologies

are lower on the session by 96.78%, currently trading at $0.61. The stock has been moving largely lower over the past three months and is currently below the 50-day moving average. Options traders are focusing on puts today. A short while ago the September $25.00 put traded 580 times on open interest of 1,406 contracts. The Sept2011 $35 and $30 strikes are also active. Longtop Financial Technologies Limited together with its subsidiaries provides a range of software solutions and services to the financial institutions in the People's Republic of China.