Puts Purchased on Nova Measuring Instruments

Shares of Nova Measuring Instruments NVMI are lower on the session by 2.88%, currently trading at $8.42. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the November 2011 $7.50 put traded 1,300 times on open interest of 315 contracts. Overall put volume is now running at 8.45x the daily average with 95% of all puts traded being purchases on the offer. Nova Measuring Instruments Ltd. is a designer, developer and producer of integrated process control metrology systems. The company also designs, manufactures and sells metrology used in the manufacturing process of semiconductors.