Protection Purchased on Teradyne (TER)

Shares of Teradyne, Inc. TER are lower on the session by 1.54%, currently trading at $10.23. The stock has been moving largely lower over the past six months, off from a recent high near $13.30, finding resistance at the 50-day moving average many times. Options traders are buying puts today, perhaps as a hedge to long shares. The October $11.00 put was just purchased 4,000 times, on the offer, for $0.95; open interest on the strike is 405 contracts. This signals new positioning on the strike. Put volume is now running at 4.65x the daily average with 96% of all puts traded being purchases on the offer. Teradyne, Inc. is a supplier of automatic test equipment. The company designs, develops, manufactures and sells automatic test systems and solutions used to test complex electronics in the consumer electronics, automotive, computing, telecommunications, and aerospace and defense industries. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.