Puts Purchased on Jos. A. Bank Clothiers (JOSB)

Shares of Jos. A. Bank Clothiers JOSB are lower on the session by 1.03%, currently trading at $47.27. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. Though action has been primarily in small lots, overall put volume is now running at 7.29x the daily average with 97% of all puts traded being purchases on the offer. Traders are buying the $45.00 and $40.00 strikes in April. Jos. A. Bank Clothiers, Inc. is a designer, manufacturer, retailer and direct marketer of men's tailored and casual clothing and accessories. The company sells substantially all of its products exclusively under the Jos. A. Bank label through its 473 retail stores (as of January 30, 2010, which includes seven outlet stores and 13 franchise stores) located throughout 42 states and the District of Columbia in the United States, as well as through the company's nationwide catalog and Internet (www.josbank.com) operations.