Notable Put Options Activity in Molex

Shares of Molex MOLX are higher on the session by 1.43%, currently trading at $22.06. The stock has been moving largely higher over the past three weeks and is currently testing the 50-day moving average. Options traders are focusing on puts today. A short while ago the September 2011 $20.00 put traded 1,000 times on open interest of 2,010 contracts. The Sept2011 $22.50 put also traded 1,000 times on 137 contracts. Put volume is dominating call volume 20 to 1. Molex Incorporated is a manufacturer of electronic connectors. The company manufactures and sells electronic components. It operates in two product segments.