Investors buy puts on UTStarcom before filing

Talk about no confidence in a stock. The street has hammered UT Starcom (UTSI) in the past year or so b/c of decling margin and product growth concerns within and outside of China for their handset and proprietary systems lines of businesses.


Stock chart shows that the stock is trending way below 50 and 200 day MA. There appears to be no price support at current levels.