Time to Sell Suss MicroTec AG After Today’s Option Traders Bearish Bets?

 Time to Sell Suss MicroTec AG After Today's Option Traders Bearish Bets?

In today’s session Suss MicroTec AG (SMH) recorded an unusually high (214) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious SMH decrease. With 214 contracts traded and 16204 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: SMH161118P00070000 closed last at: $2.35 or 13% down. The stock closed at EUR 7.06 during the last session. It is down 22.80% since March 31, 2016 and is uptrending. It has outperformed by 20.28% the S&P500.

Suess MicroTec AG is a Germany-based firm engaged in the development and marketing of equipment for the production of microstructuring applications. The company has a market cap of 132.21 million EUR. It operates through four divisions: Lithography, Substrate Bonder, Photomasks Equipment and Others. It has a 6.88 P/E ratio. Lithography is involved in the development, production and distribution of the production lines Mask Aligner and Coater.

More recent Suss MicroTec AG (ETR:SMH) news were published by: Businesswire.com which released: “SÃœSS MicroTec Receives Large Volume Order for Lithography Projection Scanners” on September 24, 2015. Also Businesswire.com published the news titled: “SUSS MicroTec Launches Coat and Develop Solution for Advanced Packaging …” on September 06, 2016. Businesswire.com‘s news article titled: “SUSS MicroTec and NuFlare Technology agree on collaboration” with publication date: January 20, 2015 was also an interesting one.

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