Puts Purchased on Cymer, Inc. (CYMI)

Shares of Cymer, Inc. CYMI are lower on the session by 0.44%, currently trading at $56.33. The stock has been moving largely higher over the past six 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 May 2011 $55.00 put was purchased 1,000 times, on the offer, on open interest of 3,021 contracts. Overall put volume is now running at 3.49x the daily average with 76% of all puts traded being purchases on the offer. Cymer, Inc. is a supplier of light sources used in the photolithography process for semiconductor, or chip, manufacturing. The company provides light sources designed to help enable the performance of leading edge wafer steppers and wafer scanners built by its lithography tool manufacturers.