Allot Communications Ltd. (NASDAQ:ALLT) – Shares in the provider of bandwidth consumption solutions fell more than 17% today to $16.62 after the stock was cut to ‘hold’ from ‘buy’ at Wunderlich Securities, and put activity on the name this morning suggests some traders are preparing for the price of the underlying to extend losses in the New Year. Options volume on Allot Communications is heaviest in the Jan. 2013 $17.5 strike put where some 670 contracts have changed hands versus open interest of 63 positions. It looks like the bulk of the volume was purchased for an average premium of $1.57 apiece, thus positioning put buyers to profit should Allot Communications Ltd. (NASDAQ:ALLT)’s shares decline another 9.5% from the current price of $17.66 to breach the average breakeven price of $15.93 at expiration next month.