Puts Purchased on Vera Bradley

Shares of Vera Bradley

are lower on the session by 5.30%, currently trading at $33.34. 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 buying puts on the name today. A short while ago the September 2011 $30.00 put traded 1,000 times on open interest of 0 contracts. Overall put volume is now running at 80.00x the daily average with 100% of all puts traded being purchases on the offer. Vera Bradley, Inc. is a designer, producer, marketer and retailer of accessories for women. The products include offering of handbags, accessories, and travel and leisure items.