Notable Put Options Activity in ANN

Shares of ANN ANN are lower on the session by 7.86%, currently trading at $22.63. The stock has been moving largely lower over the past two months and 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 $24.00 put, which has traded 3,230 times on open interest of 3,066 contracts. Put volume is outpacing call volume by 19 to 1. ANN Inc., formerly AnnTaylor Stores Corporation, through its wholly owned subsidiaries, is a specialty retailer of women's apparel, shoes and accessories sold primarily under the Ann Taylor and LOFT brands.