Puts Purchased on Taiwan Semiconductor

Shares of Taiwan Semiconductor TSM are higher on the session by 3.43%, currently trading at $12.66. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $12.50 put traded 12,300 times on open interest of 203 contracts. Overall put volume is now running at 29.96x the daily average with 100% of all puts traded being purchases on the offer. Taiwan Semiconductor Manufacturing Co., Ltd. is principally engaged in the research, development, manufacture and distribution of integrated circuit related products. The company operates its businesses through wafer manufacture, mask production, wafer testing and packaging components.