Options Brief: The Men's Wearhouse (MW)

Shares of The Men's Wearhouse MW are lower on the session by 2.91%, trading at $26.69. Overall put volume is now running at 12.08x the daily average, with 49% of all puts traded being purchases on the offer. 1,631 contracts have traded on the session so far. 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. At January 30, 2010, the company operated 1,259 retail stores, with 1,142 stores in the United States and 117 stores in Canada.