Put sellers see floor in Aeropostale

optionMONSTER

Traders apparently believe that any losses in Aeropostale will be limited through early next year.

optionMONSTER's tracking systems detected the sale of 5,000 January 11 puts this morning for about $0.48. These are new positions, as there was no open interest in the strike before the trades appeared.

The put sellers are looking for ARO to stay above $11 through mid-January. If the stock falls below that strike price, the traders will be on the hook to buy shares at that level. (See our Education section)

ARO is down 6.29 percent to $14.01 today. The fashion retailer gapped down from above $16 after its last earnings report in late May and have been trading mostly sideways since.

The company is scheduled to release second-quarter results on Aug. 22 after the close.

Aeropostale has seen 7,000 contracts trade in all today, more than 5 times its daily average for the last month.

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