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Shares of AutoZone
AZO are higher on the session by 0.16%, currently trading at $298.91. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. A short while ago the September 2011 $280.00 put traded 1,000 times on open interest of 656 contracts. The Sept2011 $290 put is also active.
Put volume has been elevated the past four days.
AutoZone, Inc. is a retailer and a distributor of automotive replacement parts and accessories. As of August 28, 2010, the company operated 4,389 stores in the United States and Puerto Rico, and 238 in Mexico.
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