Notable Put Options Activity in MEMC Electronic Materials

Shares of MEMC Electronic Materials WFR are higher on the session by 7.10%, currently trading at $6.49. 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 $6 put traded 1,400 times on open interest of 780 contracts. The Sept2011 $7.00 put also traded 1,000 times on 2,978 contracts. The Jan2012 $6.00 and $7.50 puts are also active. MEMC Electronic Materials, Inc. is engaged in the development, manufacture, and sale of silicon wafers. The company has three business segments: Semiconductor Materials, Solar Materials, and Solar Energy