Notable Put Options Activity in The Jones Group
Shares of The Jones Group (NYSE: JNY) are lower on the session by 1.99%, currently trading at $11.83. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. A short while ago the December 2011 $11.00 put traded 2,000 times on open interest of 125 contracts.
Put volume is outpacing call volume by 9 to 1.
The Jones Group Inc. is a global designer, marketer and wholesaler of over 35 brands across five divisions: apparel, footwear, jeans wear, jewelry and handbags. Jones also markets directly to consumers through its branded specialty retail and outlet stores and through its e-commerce sites.
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