Notable Put Options Activity in Liz Claiborne

Shares of Liz Claiborne LIZ are lower on the session by 3.70%, currently trading at $5.20. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the November 2011 $5 put traded 1,600 times on open interest of 45 contracts. The Jan2012 $3 put also traded 1,000 times on 110 contracts. Put volume is outpacing call volume by 25 to 1. Liz Claiborne, Inc. designs and markets a portfolio of retail-based brands, including JUICY COUTURE, KATE SPADE, LUCKY BRAND and MEXX.