Notable Put Options Activity in Staples

Shares of Staples SPLS are lower on the session by 3.25%, currently trading at $14.73. The stock has been moving largely lower over the past six days 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 March 2012 $14.00 put, which has traded 3,500 times on open interest of 8,480 contracts. Put volume is outpacing call volume by 5 to 1. Staples, Inc., is an office products company. As of January 29, 2011, Staples served customers of all sizes in 26 countries throughout North America, Europe, Australia, South America, and Asia.