Notable Put Options Activity in Ascena Retail Group

Shares of Ascena Retail Group

are higher on the session by 2.62%, currently trading at $30.77. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the June 2012 $31.00 put, which has traded 1,400 times on open interest of 0 contracts. The Mar2012 $25.00 put is also active. Put volume is outpacing call volume by 138 to 1.