Puts Purchased on TJX

Shares of TJX Companies TJX are lower on the session by 0.11%, currently trading $45.30. The stock has been trading lower over the past few weeks, though markedly outperforming the overall market. In fact, the stock is still holding the 50-day moving average. I am detecting some puts purchased in the name today, though. The June $45 put strike was purchased 1,200 on the offer for $1.35 a short while ago; open interest on the strike is 2,001 contracts. Put volume is now running at 2.68x the daily average. The TJX Companies, Inc. is an off-price apparel and home fashions. The Company operates in five business segments: three in the United States and one in each of Canada and Europe.