Shares of The Children?s Place Retail Stores Inc. (PLCE) are down .66 to 45.12.? PLCE is trading $3 off of one-year lows.
Today 1,115 PLCE Mar 42.5 puts traded mostly on sales ranging from .30 to .80.? The average contract volume is 910 contracts per day in the name.? Open interest is 285 contracts in the strike.? The implied volatility is down 8.9 points in August.
The trade looks like a continual seller trying to get PLCE at one-year lows.? The light open interest suggests aggressive put selling to get long on scattered volume.
30-day implied volatility is 33%.? 10-day implied volatility is 32%.? 30-day implied volatility is trading at the 10 day historical volatility.
The Children’s Place Retail Stores, Inc. operates as a specialty retailer of apparel and accessories for children. The Company designs, sources and markets its products under its proprietary The Children’s Place brand name for sale exclusively in its stores and on its Website.