Puts Purchased on Dollar Tree, Inc.

Shares of Dollar Tree, Inc. DLTR are lower on the session by 1.69%, currently trading at $62.66. 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 2011 $62.50 put was purchased 1,000 times, on the offer, on open interest of 131 contracts. Overall put volume is now running at 2.67x the daily average with 74% of all puts traded being purchases on the offer. Dollar Tree, Inc. is an operator of discount variety stores offering merchandise at the fixed price of $1. At January 29, 2011, the company operated 4,101 discount variety retail stores. Its stores operate under the names of Dollar Tree, Deal$, Dollar Tree Deal$, Dollar Giant and Dollar Bills.