Notable Put Options Activity in NetLogic Microsystems

Shares of NetLogic Microsystems (NASDAQ:

) are lower on the session by 0.06%, currently trading at $49.86. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $49 put, which has traded 540 times on open interest of 110 contracts. Small lots are active on the name today. Put volume is outpacing call volume by 9 to 1. NetLogic Microsystems, Inc. is a semiconductor company that designs, develops and sells processors and high-speed integrated circuits that are used to enhance the performance, functionality and energy efficiency of advanced mobile wireless infrastructure, data center, enterprise, metro Ethernet, edge and core infrastructure networks.