Notable Put Options Activity in Novellus Systems

Shares of Novellus Systems NVLS are lower on the session by 2.02%, currently trading at $28.13. The stock has been moving largely lower over the past three months and is currently above below the 50-day moving average. Options traders are focusing on puts today. A short while ago the December 2011 $30.00 put traded 4,000 times on open interest of 1,917 contracts. Novellus Systems, Inc., together with its subsidiaries, develops, manufactures, sells and supports equipment used in the fabrication of integrated circuits, commonly called chips or semiconductors.