Puts Purchased on SmartHeat Inc.

Shares of SmartHeat Inc. HEAT are lower on the session by 14.12%, currently trading at $1.52. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the December 2011 $3.00 put was purchased 2,000 times, on the offer, on open interest of only 123 contracts. This signals new positioning on the name. Overall put volume is now running at 32.84x the daily average with 84% of all puts traded being purchases on the offer. SmartHeat Inc. is a designer, manufacturer and seller of clean technology plate heat exchangers and related systems in China.