Notable Put Options Activity in AutoZone

Shares of AutoZone (NYSE: AZO) are lower on the session by 0.03%, currently trading at $299.22. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average.

Options traders are focusing on puts today. A short while ago the September 2011 $260.00 put traded 850 times on open interest of 590 contracts.

AutoZone, Inc. is a retailer and a distributor of automotive replacement parts and accessories. As of August 28, 2010, the company operated 4,389 stores in the United States and Puerto Rico, and 238 in Mexico.