Puts Purchased on TriQuint Semiconductor, Inc.

Shares of TriQuint Semiconductor, Inc. TRQT are lower on the session by 1.96%, currently trading at $10.52. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $10.00 put was purchased 3,200 times, on the offer, on open interest of 1,759 contracts. Overall put volume is now running at 9.13x the daily average with 93% of all puts traded being purchases on the offer. TriQuint Semiconductor, Inc. is a supplier of modules, components and foundry services for communications applications. TriQuint designs, develops and manufactures radio frequency (RF) solutions with gallium arsenide (GaAs), gallium nitride (GaN), surface acoustic wave (SAW), temperature compensated surface acoustic wave (TC-SAW), and bulk acoustic wave (BAW) technologies for customers worldwide.