Puts Sold on Alliance Data Systems (ADS)

Shares of Alliance Data Systems Corp.

are lower on the session by 4.52%, currently trading at $56.83. The stock has been falling sharply as of late; technical support comes into the picture around $54.00. Options traders are selling puts on the name today, betting that the recent slide may be over. The September $50 put was sold, on the bid, nearly 14,000 times this morning. Open interest on the strike is only 125 contracts, signaling new, bullish positioning on the name. Put volume is now running at 23.07x the daily average. Alliance Data Systems Corporation, together with its subsidiaries, provides data-driven and transaction-based marketing and customer loyalty solutions primarily in the United States and Canada See Some of the Top Moving Indexes