Puts Purchased on Collective Brands, Inc. (PSS)

Shares of Collective Brands, Inc.

are lower on the session by 1.21%, currently trading at $22.09. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the June $20.00 put was purchased 2,100 times, on the offer, on open interest of 2,108 contracts. Overall put volume is now running at 49.24x the daily average with 99% of all puts traded being purchases on the offer. Collective Brands, Inc. operates a hybrid business model that includes retail, wholesale, licensing, digital commerce and franchising businesses. The company operates its business in four segments: Payless Domestic, Payless International, PLG Wholesale and PLG Retail.