Puts Bought on Dress Barn (DBRN)

Shares of Dress Barn Inc. (NASDAQ: DBRN) are lower on the session by 3.26%, currently trading $26.10. The stock has been on an amazing run over the past year, but has experienced some resistance around $30. The stock did break down from there and is now trading below the 50-day moving average.

Options traders are betting on further downside as they as buying the June $25 puts today. 2,094 contracts have traded on open interest of 612 contracts, signaling new, bearish activity.

Put volume is now running at 8.19x the daily average with 93% of all puts traded being purchases on the offer.

The Dress Barn, Inc. operates women's apparel specialty stores, principally under the names Dressbarn, Dressbarn woman and Maurices.