Puts Trade on Collective Brands (PSS)

Shares of Collective Brands Inc. PSS are lower on the session by 1.67%, currently trading at $17.68. The stock has been drifting lower and lower over the past two months and is now in a technical downtrend. Options traders appear to be buying puts once again today. The September $20 put traded 2,000 times for $2.85 a short while ago. Call volume is now running at 3.04x the daily average, though only 53% of all calls traded have been purchases on the offer. This represents a mixed picture for the stock, though it appears that a bear position was purchased today. Collective Brands, Inc. operates a hybrid business model that includes retail, wholesale, licensing, digital commerce and franchising businesses. The Company operates its business in four segments: Payless Domestic, Payless International, PLG Wholesale and PLG Retail.