Market Overview

Puts Purchased on China Valves Technology (CVVT)


Shares of China Valves Technology (NASDAQ: CVVT) are lower on the session by 4.08%, currently trading at $9.89. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages.

Options traders are buying puts on the name today. A short while ago the January 2011 $10.00 put was purchased 830 times, on the offer, on open interest of 2,224 contracts.

Overall put volume is now running at 2.33x the daily average with 86% of all puts traded being purchases on the offer.

China Valves Technology, Inc., through its subsidiaries, engages in developing, manufacturing, and selling low, medium, and high-pressure metal valves for customers in the electricity, petroleum, chemical, water, gas, nuclear power station, and metal industries in China.

Posted-In: Short Ideas Technicals Options Trading Ideas


Related Articles (CVVT)

View Comments and Join the Discussion!

The Three Horsemen of Tech for 2011

General Moly Up 8.6% After Hitting 52-Week High (GMO)