Puts Purchased on Molex

Shares of Molex MOLX are lower on the session by 1.92%, currently trading at $25.99. The stock has been moving largely sideways over the past six months and is currently consolidating above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $25 put traded 1,300 times on open interest of 1,522 contracts. Overall put volume is now running at 12.32x the daily average with 96% of all puts traded being purchases on the offer. Molex Incorporated is engaged in the manufacture and sale of electronic components. It designs, manufactures and sells more than 100,000 products, including terminals, connectors, planar cables, cable assemblies, interconnection systems, backplanes, integrated products and mechanical and electronic switches. It also provides manufacturing services to integrate specific components into a customer's products.