Puts Purchased on Dolby Laboratories (DLB)

Shares of Dolby Laboratories DLB are lower on the session by 2.83%, currently trading at $48.46. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the April 2011 $50.00 put was purchased 1,000 times, on the offer, on open interest of only 533 contracts. This signals new positioning on the name. Overall put volume is now running at 6.49x the daily average with 99% of all puts traded being purchases on the offer. Dolby Laboratories, Inc. develops and delivers products and technologies that are used in the entertainment industry. Its audio technologies are used throughout the global entertainment industry. It is developing and marketing video technologies to improve the quality of video presentation.