Accenture (ACN, news, chart, volatility) puts are active, with 5,175 contracts traded, compared to just 208 call options. The top two trades of the day: 2,500 December 30 puts traded on the offer for $1.65 and 2,500 December 25 puts bidside for 55 cents. With shares up 95 cents to $33.14, the action appears to be bearish spread trading, where the strategist paid $1.10 to buy the 30s and sell the 25s. If so, the potential payoff is $3.90 if shares of the management consulting company fall to $25 or less by December options expiration (45 days). No news on the stock today. Earnings due out mid to late December, perhaps before the expiration. The company holds an investor and analyst conference on November 12.