Notable Put Options Activity in Energy Conversion Devices

Shares of Energy Conversion Devices ENER are higher on the session by 7.33%, currently trading at $0.805. 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 $1.50 put traded 4,600 times on open interest of 52,971 contracts. Put volume is dominating call volume 65 to 1. Energy Conversion Devices, Inc., through its subsidiaries, commercializes materials, products and production processes for the alternative energy generation (primarily solar energy), energy storage and information technology markets.