Notable Put Options Activity in Chico's FAS

Shares of Chico's FAS CHS are lower on the session by 2.19%, currently trading at $10.74. 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. The strike seeing the heaviest action is the February 2012 $12.00 put, which has traded 3,900 times on open interest of 1,002 contracts. Put volume is outpacing call volume today. Chico's FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico's, White House / Black Market and Soma Intimates brand names.