Puts Purchased on Amphenol Corporation (APH)

Shares of Amphenol Corporation APH are higher on the session by 2.72%, currently trading at $54.74. The stock had been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the February 2011 $55.00 put was purchased 2,000 times, on the offer, on open interest of only 47 contracts. This signals new positioning on the name. Overall put volume is now running at 31.61x the daily average with 77% of all puts traded being purchases on the offer. Amphenol Corporation is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, and coaxial and high-speed specialty cable.