Calls Sold on Collective Brands (PSS)

Shares of Collective Brands PSS are lower on the session by 2.77%, currently trading $21.76. The stock has been struggling to find direction for the past few months and is trading in a channel with the 50-day to the upside and the 200-day to the downside. Calls are being sold on the name cross the board today. The June $20 call was sold on the bid 2,000 times; there was only 138 contracts open on that strike. The June $22.50 and 25.00 strike calls are also finding sellers, 1,800 times and 1,000 times, respectively. Collective Brands, Inc. operates a hybrid business model that includes retail, wholesale, licensing, digital commerce and franchising businesses.