Puts Purchased on Smart Modular Technologies (SMOD)

Shares of Smart Modular Technologies SMOD are lower on the session by 14.60%, currently trading at $5.44. The stock has been in wild volatile swings over the past six months; it is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on Smart Modular Technologies today. Though action has been primarily in small lots, overall put volume is now running at 22.10x the daily average with 74% of all puts traded being purchases on the offer. Traders are buying the $7.50 and $5.00 puts in multiple months.