Dividend volume dropped to 6% of year-to-date volume, from 18% in the year-ago period, and refinancing is down to 25%, from 32% last year.

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Trading in call options on the retailer is outpacing that of puts roughly 2.5 contracts to one, with overall volume up at 18, 000 lots as of 12:45 PM in New York.

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Put volume in excess of 18, 000 contracts sticks out like a sore thumb against open interest in the sparsely populated November contract.

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