Puts Purchased on Kulicke and Soffa Industries (KLIC)

Shares of Kulicke and Soffa Industries KLIC are lower on the session by 1.74%, currently trading at $9.02. The stock has been moving largely higher over the past three months and it is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the July 2011 $9.00 put was purchased 1,050 times, on the offer, for $1.30 on open interest of only 93 contracts. This signals new positioning on the name. The July $8.00 put also traded 1,000 times, for $0.80, on open interest of 393 contracts. Overall put volume is now running at 9.59x the daily average with 85% of all puts traded being purchases on the offer. Kulicke and Soffa Industries, Inc. designs, manufactures and sells capital equipment and expendable tools used to assemble semiconductor devices, including integrated circuits, high and low powered discrete devices, light-emitting diodes, and power modules.