Ascena Retail Group Inc. (ASNA) is trading down .33 to 16.46.? ASNA is trading near the bottom of the 52-week range.
Today the ASNA Mar 17 puts traded for .85 in blocks on several exchanges totaling 3,182 contracts.?? Average volume is 629 contracts per day in the name.? Open interest is 303 contracts.
The puts traded as high as .95 and the buying continues as of this writing.? The trade looks like it is hedging going into earnings next week in case the name makes fresh 52-week lows.
30-day implied volatility is 41%.?? 10-day implied volatility is 28%.? 30-day implied volatility is trading at the 10-day historical volatility.
Ascena Retail Group, Inc. (Ascena) is a national specialty retailer of apparel for women and tween girls operating, through its wholly owned subsidiaries, the dressbarn, maurices, and Justice brands.