Puts Purchased on Lumber Liquidators (LL)

Shares of Lumber Liquidators Holdings Inc. LL are lower on the session by 10.53%, currently trading at $22.00. The stock has been moving largely lower over the past three months; it recently tested and failed to regain the 50-day moving average. Options traders are buying protection on the name today. Though action has been primarily in small lots, put volume is now running at 37.73x the daily average. Over 77% of all puts traded have been purchases on the offer. Lumber Liquidators Holdings, Inc. is a specialty retailer of hardwood flooring in the United States. The company offers a selection of hardwood flooring products under multiple brands.