Notable Put Options Activity in Molex

Shares of Molex MOLX are higher on the session by 2.51%, currently trading at $20.80. 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 $20.00 put traded 1,700 times on open interest of 529 contracts. Put volume is outpacing call volume 51 to 1. Molex Incorporated is a manufacturer of electronic connectors. The company manufactures and sells electronic components. It operates in two product segments.