Notable Put Options Activity in Lam Research

Shares of Lam Research LRCX are higher on the session by 1.37%, currently trading at $37.70. 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 focusing on puts today. A short while ago the December 2011 $32.00 put traded 4,400 times on open interest of 11 contracts. The Dec2011 $33.00 put also traded 3,300 times on 3,744 contracts. Put volume is dominating call volume 11 to 1. Lam Research Corporation is a supplier of wafer fabrication equipment and services to the worldwide semiconductor industry.