Puts Purchased on Kulicke and Soffa Industries

Shares of Kulicke and Soffa Industries KLIC are lower on the session by 1.58%, currently trading at $11.20. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $11.00 put traded 1,000 times on open interest of 54 contracts. Overall put volume is now running at 3.77x the daily average with 89% of all puts traded being purchases on the offer. Kulicke and Soffa Industries, Inc. designs, manufactures and sells capital equipment and expendable tools used to assemble semiconductor devices, including integrated circuits, high and low powered discrete devices, light-emitting diodes, and power modules.