Puts Purchased on Kulicke and Soffa Industries (KLIC)

Shares of Kulicke and Soffa Industries KLIC are higher on the session by 1.67%, currently trading at $8.53. The stock has been moving largely higher over the past six months and is currently consolidating between the 50-day and 200-day moving averages.

Options traders are buying puts on the name today. A short while ago the July $8.00 put was purchased 1,000 times, on the offer, on open interest of 1,675 contracts.

Overall put volume is now running at 4.54x the daily average with 96% 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.