Puts Purchased on Trimble Navigation Limited

Shares of Trimble Navigation Limited TRMB are lower on the session by 0.84%, currently trading at $36.75. The stock has been moving largely lower over the past three 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 $35.00 put was purchased 600 times, on the offer, on open interest of 361 contracts. The Aug $40 and $45 puts are also active. Overall put volume is now running at 38.20x the daily average with 99% of all puts traded being purchases on the offer. Trimble Navigation Limited provides advanced positioning product solutions, to commercial and government users. The principal application areas include surveying, agriculture, construction, asset management, mapping and mobile resource management.