Shares of Staples (NASDAQ: SPLS [6]) are lower on the session by 3.25%, currently trading at $14.73. The stock has been moving largely lower over the past six days 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 March 2012 $14.00 put, which has traded 3,500 times on open interest of 8,480 contracts.

Put volume is outpacing call volume by 5 to 1.

Staples, Inc., is an office products company. As of January 29, 2011, Staples served customers of all sizes in 26 countries throughout North America, Europe, Australia, South America, and Asia.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.