3D Systems Corporation (NYSE:DDD) announced today that its Board of Directors has declared a three-for-two split of the company's common stock in the nature of a 50% stock dividend. On February 22, 2013, each stockholder of record at the close of business on February 15, 2013 will receive one additional share for every two shares held on the record date. In lieu of fractional shares, shareholders will receive a cash payment based on the closing market price of DDD stock on the record date. Trading is expected to begin on a split-adjusted basis on February 25, 2013.

I was wondering when the market opens tuesday if buying a put on DDD would be a good move, expecting a sell off since the share holders of record on friday would now be guaranteed to receive their additional shares. Any thoughts?