Notable Put Options Activity in Abercrombie & Fitch

Shares of Abercrombie & Fitch

are lower on the session by 1.70%, currently trading at $45.11. The stock has been moving largely higher over the past seven weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $47.00 put, which has traded 1,960 times on open interest of 597 contracts. Put volume is outpacing call volume today. Abercrombie & Fitch Co., through its subsidiaries, a specialty retailer that operates stores and direct-to-consumer operations selling casual sportswear apparel.