Puts Purchased on Mindspeed Technologies, Inc. (MSPD)

Shares of Mindspeed Technologies, Inc. MSPD are higher on the session by 7.55%, currently trading at $7.83. The stock has been moving largely lower over the past six months, but recently bounced off of $6.00 and has now rallied above the 200-day moving average. First resistance is $9.33. Options traders are buying puts on MSPD today. A short while ago the November $7.50 put was purchased 1,200 times, on the offer, on open interest of only 1,172 contracts. This signals new positioning on the strike. Overall put volume is now running at 20.11x the daily average, 80% on the offer. Mindspeed Technologies, Inc. designs, develops and sells semiconductor solutions for communications applications in the wireline and wireless network infrastructure. Its products are classified into three focused product families: multiservice access, high-performance analog and wide area networking communications.