Puts Purchased on A-Power Energy Generation Systems (APWR)

Shares of A-Power Energy Generation Systems APWR are higher on the session by 0.63%, currently trading at $4.78. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the April 2011 $5.00 put was purchased 500 times, on the offer, on open interest of 590 contracts. Overall put volume is now running at 5.87x the daily average with 76% of all puts traded being purchases on the offer. A-Power Energy Generation Systems, Ltd. is engaged in providing onsite distributed power generation systems and micro power grids for industrial companies