Notable Put Options Activity in Dollar Tree

Shares of Dollar Tree (NASDAQ:

) are lower on the session by 4.17%, currently trading at $63.70. The stock has been moving largely higher over the past six months, but it is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the August 2011 $37.50 put traded 1,100 times on open interest of 3,262 contracts. Dollar Tree, Inc. is an operator of discount variety stores offering merchandise at the fixed price of $1. At January 29, 2011, the company operated 4,101 discount variety retail stores.