Puts Purchased on Infosys Technologies (INFY)

Shares of Infosys Technologies Ltd. INFY are lower on the session by 3.19%, currently trading at $60.12. The stock has been trading largely higher over the past six months; it is trading just off of its recent high near $63.00. Options traders are favoring the put side today. The August $62.50 put was purchased 1,305 times, on the offer; open interest on the strike is only 255 contracts. Call volume is now running at 2.5x the daily average. Infosys Technologies Limited's principal activity is to provide information technology enabled business solutions. The group provides end-to-end business solutions. In addition, the group offers software products for the banking industry and business process management services.