Notable Put Options Activity in ANN

Shares of ANN ANN are higher on the session by 0.97%, currently trading at $28.12. The stock has been moving largely higher over the past six 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 March 2012 $26.00 put, which has traded 1,250 times on open interest of 1,418 contracts. The Apr2012 $27.00 put also traded 1,190 times on 70 contracts. Put volume is outpacing call volume by 8 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.