Puts Purchased on Rite Aid Corporation

Shares of Rite Aid Corporation RAD are lower on the session by 1.89%, currently trading at $1.04. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the October 2011 $1.00 put was purchased 1,000 times, on the offer, on open interest of 286 contracts. Overall put volume is now running at 100.40x the daily average with 100% of all puts traded being purchases on the offer. Rite Aid Corporation is a retail drugstore chain in the United States. The Company operates its drugstores in 31 states across the country and in the District of Columbia. As of February 27, 2010, it operated 4,780 stores.