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Shares of Williams-Sonoma
WSM are lower on the session by 1.14%, currently trading at $33.93. The stock has been moving largely higher over the past two months, though it is currently trading below the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $32.00 put, which has traded 1,500 times on open interest of 2,245 contracts. Large lots are active on the name today.
Put volume is outpacing call volume by 15 to 1.
Williams-Sonoma, Inc. is a specialty retailer of products for the home. The company has two segments: direct-to-customer and retail.
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