Notable Put Options Activity in Dillard's

Shares of Dillard's

are lower on the session by 8.88%, currently trading at $50.27. 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 November 2011 $50.00 put traded 2,100 times on open interest of 486 contracts. The Nov2011 $48.00 put also traded 1,100 times on 191 contracts. Put volume is outpacing call volume by 5 to 1. Dillard's, Inc. is engaged in apparel and home furnishing retail business. The company operates in two segments: the operation of retail department stores and a general contracting construction company.