Puts Purchased On bebe stores (BEBE)

Shares of bebe stores BEBE are lower on the session by 2.20%, currently trading at $5.77. 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 March 2011 $6.00 put was purchased 4,000 times, on the offer, on open interest of only 348 contracts. This signals new positioning on the name. Overall put volume is now running at 54x the daily average with 100% of all puts traded being purchases on the offer. bebe stores, inc. designs, develops and produces a line of contemporary women's apparel and accessories. The Company's product offering includes a range of separates, tops, dresses, active wear and accessories in the lifestyle categories, such as career, evening, casual and active