Notable Put Options Activity in Barnes & Noble

Shares of Barnes & Noble BKS are lower on the session by 7.65%, currently trading at $12.19. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the October 2011 $12.00 put traded 700 times on open interest of 1,114 contracts. Put volume is outpacing call volume by 8 to 1. Barnes & Noble, Inc. is a bookseller. The company is a content, commerce and technology company that provides customers access to books, magazines, newspapers and other content across its multi-channel distribution platform.