Del Friscos options volume is 9X daily average and puts lead calls 20:1.

Del Friscos options volume is 9X daily average and puts lead calls 20:1. The bulk of the activity is the result of one time spread: 5K Jun - Jul 5 put spreads bought for 15c with shares trading flat at $6.05 and probably rolls a 5K lot of Jun 5 puts opened 31c on 3/20 with shares $6.23. Sep 5 puts trade 1.1K today and total volume is 11K puts and 540 calls. The flow expresses concerns about further losses in shares, which are off 7.3% YTD. However, the stock saw a notable spike on 5/20 after The Deal reported that bids for the company are coming in at $9 per share.