Puts Purchased on Mellanox Technologies (MLNX)

Shares of Mellanox Technologies MLNX are lower on the session by 1.33%, currently trading at $27.37. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the February 2011 $26 put was purchased 1,100 times, on the offer, on open interest of only 11 contracts. This signals new positioning on the name. The Feb 2011 $25.00 put also traded 1,300 times on open interest of 315 contracts. Overall put volume is now running at 7.75x the daily average with 82% of all puts traded being purchases on the offer. 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.