Puts Purchased on Molex

Shares of Molex

are lower on the session by 2.60%, currently trading at $22.87. 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 buying puts on the name today. A short while ago the September 2011 $25.00 put traded 1,000 times on open interest of 307 contracts. Overall put volume is now running at 3.52x the daily average with 99% of all puts traded being purchases on the offer. Molex Incorporated is engaged in the manufacture and sale of electronic components.