Amphenol Stock Sees Bullish Attention Post-Earnings

APH put options have been popular

Electronics stock Amphenol Corporation (NYSE:APH) is trading down 0.7% at $105.88, following the company's fourth-quarter earnings release. While the fiber optics maker reported a top- and bottom-line beat, a more cautious outlook is weighing on the shares. There's even been bullish analyst attention, with Evercore ISI raising its price target to $120 from $108, and Citigroup adding the stock to its U.S. Focus List.

Unfortunately, today's price action puts APH below the 50-day moving average, a trendline it hadn't moved below since September before yesterday. Still, the shares sport a one-year advance of roughly 26%. Such outperformance is likely why most analysts in coverage are already bullish on the stock.

Options traders have preferred puts over calls. Not only has put buying doubled call buying in the past 10 days at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), but the Schaeffer's put/call open interest ratio (SOIR) comes in at 1.21.