Puts Purchased on Dillard's, Inc. (DDS)

Shares of Dillard's, Inc. DDS are higher on the session by 1.50%, currently trading at $37.97. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the January 2011 $37.00 put was purchased 1,000 times, on the offer, for $1.23 on open interest of only 95 contracts. This signals new positioning on the name. Overall put volume is now running at 4.47x the daily average with 86% of all puts traded being purchases on the offer. Dillard's, Inc. is engaged in apparel and home furnishing retail business. As of January 30, 2010, the company operated 309 Dillard's stores, including 12 clearance centers and one Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.