Puts Purchased on Hollysys Automation Technologies

Shares of Hollysys Automation Technologies HOLI are lower on the session by 0.35%, currently trading at $8.59. The stock has been moving largely lower over the past six months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $7.50 put traded 1,800 times on open interest of 2,688 contracts. Overall put volume is now running at 3.48x the daily average with 70% of all puts traded being purchases on the offer. Hollysys Automation Technologies Ltd., formerly HLS Systems International, Ltd., is a provider of automation and control technologies and applications in the People's Republic of China.