Is AIXTRON About to Get the Axe? (AIXG)

Shares of AIXTRON AG AIXG are higher on the session by 1.99%, currently trading at $28.70. The stock has been moving largely sideways for the past four months, finding support at $25.00 multiple times. First resistance is $30.00, then $33.60. Options traders are picking up protection on the name today. A short while ago the October $29.00 put was purchased 826 times on open interest of 1,650 contracts and the November $30.00 put was purchased 300 times on open interest of 5 contracts. Put volume is now running at 3x the daily average with 72% of all puts traded being purchases on the offer. This has the flavor of protective put buying on long shares, which would indicate a bullish play and not that shares are about to get axed. AIXTRON AG is a provider of deposition equipment to the semiconductor industry. The company's technology solutions are used by a range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. 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.