Puts Purchased on Barnes & Noble, Inc. (BKS)

Shares of Barnes & Noble, Inc. BKS are higher on the session by 1.41%, currently trading at $10.08. The stock has been moving largely lower over the past three 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 May 2011 $10.00 put was purchased 1,500 times, on the offer, for $0.75 on open interest of 4,160 contracts. Overall put volume is now running at 3.14x the daily average with 97% of all puts traded being purchases on the offer. Barnes & Noble, Inc. is a bookseller. The company is a content, commerce and technology company that provides customers access to books, magazines, newspapers and other content across its multi-channel distribution platform.