Notable Put Options Activity in AutoZone

Shares of AutoZone (NYSE: AZO) are higher on the session by 0.16%, currently trading at $298.91. 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 $280.00 put traded 1,000 times on open interest of 656 contracts. The Sept2011 $290 put is also active.

Put volume has been elevated the past four days.

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.