Puts Sold on Mellanox Technologies (MLNX)

Shares of Mellanox Technologies LTD MLNX are higher on the session by 3.56%, currently trading at $22.42. The stock has been trading lower over the past three months and is trading below the 50-day moving average. Options traders are selling some puts today. The July $22.50 strike was sold, near the bid, 1,030 times on open interest of just 1,124 contracts. This signals that a long put position was likely closed on the strike. Puts volume is now running at 2.72x the daily average. Mellanox Technologies, Ltd. is a supplier of semiconductor-based, high-performance connectivity products that facilitate data transmission between servers, communications infrastructure equipment and storage systems. The company's products focus on computing, storage and communication applications used in enterprise data centers, high-performance computing and embedded systems.