Front month put positioning contrasts with April expiry activity in far out-of-the-money put options.

FORBES: Options Players Loving Lululemon, Deckers Gets The Boot

By somewhere around Dec. 16 to 21, much of the activity likely will be book-squaring rather than fresh positioning ahead of year-end, he said.

FORBES: Palladium Hits 11-Week High On Renewed Concerns About Russian Supplies

The stock is off its lows of last week, and activity in September contract call options this morning suggests traders may be positioning for a near-term rebound in the price of the underlying.

FORBES: Options Players Sweet On Dunkin' Brands Calls As Quiet Period Winds Down