Forbeshttp://www.forbes.com/sites/greatspeculations/2012/01/06/bulls-in-options-pits-stmpede-into-macys-herbalife-williams-sonoma/?partner=yahootixCSC – Computer Sciences Corp. – Put options on the IT services provider are active today, with shares in the name down 1.8% at $23.88 in early-afternoon trade. Investors appear to be taking bearish positions in the options that suggest the shares may be headed for their lowest levels in more than a decade.Computer Sciences Corp.’s rating was cut to BBB+ at Standard & Poor’s in December, and was placed on negative watch for a possible downgrade at Moody’s Investors Service and Fitch Ratings. Investors prepared for shares in CSC to pull back purchased put options across multiple expiries, with Mar. and Jun. expiration puts attracting the heaviest volume. The Jun. $20 strike put traded more than 5,000 times against open interest of 459 contracts this morning. Much of the volume appears to have been purchased for a premium of $2.00 each. Profits may be available at expiration in June in the event that CSC’s shares plunge 24.6% to breach the breakeven price of $18.00. Computer Sciences Corp.’s shares have not traded below $18.00 since the mid 90s. CSC is scheduled to report third-quarter earnings on February 8 ahead of the opening bell.