Notable Put Options Activity in Tessera Technologies

Shares of Tessera Technologies TSRA are lower on the session by 2.94%, currently trading at $13.22. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the September 2011 $13.00 put traded 2,800 times on open interest of 426 contracts. Tessera Technologies, Inc. develops, invests in, licenses and delivers miniaturization technologies and products for next-generation electronic devices through semiconductor packaging technologies, such as chip-scale packaging, multi-chip packaging, and wafer-level packaging; silicon-level interconnect and three dimensional packaging, and silent air cooling technology.