Notable Put Options Activity in The Cheesecake Factory
October 18, 2011 12:41 PM
Shares of The Cheesecake Factory (NASDAQ: CAKE) are higher on the session by 2.72%, currently trading at $26.83. The stock has been moving largely higher over the past three weeks and is currently testing the 50-day moving average.
Options traders are focusing on puts today. A short while ago the October 2011 $23.00 put traded 3,100 times on open interest of 9,233 contracts. The Oct 2011 $22.00 put also traded 1,100 times on 263 contracts.
Put volume is outpacing call volume by 10 to 1.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery businesses. As of February 23, 2011, the company operated 164 upscale, casual, full-service dining restaurants: 150 under The Cheesecake Factory mark; 13 under the Grand Lux Cafe mark, and one under the RockSugar Pan Asian Kitchen mark.
