MEMC Electronic Materials

Shares of MEMC Electronic Materials WFR are higher on the session by 3.68%, currently trading at $6.89. 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 October 2011 $7.00 put traded 10,400 times on open interest of 18,684 contracts. The Jan2012 $7.50 put is also active. Put volume has been elevated the past five days. 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.