Put Spread Purchased in Men’s Warehouse (MW)

Shares of Men’s Warehouse MW are lower on the session by 3.325, currently trading $20.98. The stock has been falling hard since ate April when it hit a high of $27.43. The stock is now trading below the 50-day and 200-day moving averages. I am detecting a put spread purchase in July, where the $20/17.50 spread was purchased for $0.98. This trade went off 1,000 times, there was effectively no open interest on either line, which signals new, bearish positioning. The Men's Wearhouse, Inc. is a specialty retailer of men's suits and a provider of tuxedo rental product in the United States and Canada.