Puts Purchased on Aeropostale, Inc. (ARO)

Shares of Aeropostale, Inc. ARO are lower on the session by 1.05%, currently trading at $24.44. The stock has been moving largely higher over the past two months, following a steep sell off in August. Options traders are buying puts on the name today. A short while ago the December $26.00 put traded 3,000 times on open interest of 3,137 contracts, followed by the Dec $24.00 put trading 1,400 times on open interest of 267 contracts. Overall put volume is now running at 2.65x the daily average with 67% of all puts traded being purchases on the offer. Aeropostale, Inc. is a mall-based specialty retailer of casual apparel and accessories. The company designs, markets and sells its own brand of merchandise principally targeting 14 to 17 year-old young women and young men. The company also sells Aropostale merchandise through its e-commerce Website, www.aeropostale.com.