Puts Purchased on Aixtron (AIXG)

Shares of Aixtron AG AIXG are lower on the session by 7.53%, currently trading at $28.11. The stock has been moving largely higher over the past month, but is now selling off below the 50-day moving average. Options traders are buying protection on the name today. The December $29 put was purchased, on the offer, 2,000 times a short while ago; open interest on the strike is 2,000 contracts. Put volume is now running at 5.70x the daily average. AIXTRON AG is a provider of deposition equipment to the semiconductor industry. The company's technology solutions are used by a range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials.