Puts Sold on J Crew Group

Shares of J Crew Group Inc. JCG are higher on the session by 3.65%, currently trading $45.46. The stock has been a relative outperformer as of late, but is struggling to hold the 50-day moving average now. Puts are being sold on the name today with the June $40 put sold 2,298 times on open interest of 6,581 contracts, and the June $37.50 put sold 2,134 times on open interest of 5,723 contracts. Put volume is now running at 3.21x the daily average, though only 5% of all puts traded have been purchases on the offer. J.Crew Group, Inc. is an integrated multi-brand, multi-channel, specialty retailer. The Company offers complete assortments of women's, men's and children's apparel and accessories.