Puts Purchased on A-Power Energy Generation Systems

Shares of A-Power Energy Generation Systems APWR are lower on the session by 6.10%, currently trading at $2.77. 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 June 2011 $3.00 put was purchased 670 times, on the offer, on open interest of 127 contracts. Overall put volume is now running at 11.40x the daily average with 81% of all puts traded being purchases on the offer. A-Power Energy Generation Systems, Ltd. is engaged in providing onsite distributed power generation systems and micro power grids for industrial companies.