Notable Put Options Activity in The Finish Line

Shares of The Finish Line FINL are lower on the session by 0.29%, currently trading at $20.64. The stock has been moving largely lower over the past two weeks and is currently testing the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $20.00 put, which has traded 1,260 times on open interest of 2,391 contracts. Put volume is outpacing call volume by 21 to 1. The Finish Line, Inc. is a mall-based specialty retailer in the United States. Finish Line is a retailer of athletic shoes, apparel and accessories. As of April 15, 2011, the company operated 660 Finish Line stores averaging approximately 5,400 square feet in 47 states.