Puts Purchased on Spreadtrum Communications

Shares of Spreadtrum Communications SPRD are lower on the session by 5.08%, currently trading at $14.10. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the January 2012 $27.50 put was purchased 3,200 times, on the offer, on open interest of 1,599 contracts. Overall put volume is now running at 3.51x the daily average with 78% of all puts traded being purchases on the offer. Spreadtrum Communications, Inc. is a fabless semiconductor company that designs, develops and markets baseband processor, radio frequency transceiver and turnkey solutions for the wireless communications and mobile television market.