Puts Purchased on Dick's Sporting Goods, Inc. (DKS)

Shares of Dick's Sporting Goods, Inc. DKS are higher on the session by 0.60%, currently trading at $40.49. 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 May 2011 $41.00 put was purchased 1,500 times, on the offer, on open interest of 204 contracts. Overall put volume is now running at 10.04x the daily average with 83% of all puts traded being purchases on the offer. Dick's Sporting Goods, Inc. is a sporting goods retailer offering a range of brand name sporting goods equipment, apparel, and footwear in a specialty store environment. As of January 30, 2010, the company operated 419 Dick's Sporting Goods stores in 40 states and 91 Golf Galaxy stores in 31 states.