Tiffany shares are off 50c to $46.30 but still up some 7% for the week. The jewelry retailer jumped to a 52-week high yesterday and this morning it looks like protective put action is being taken. The Jan. $46 puts were purchased 2,600 for the 77c asking price the Jan. $43 and $42 puts were sold 1,300 times each at 13c and 11 cents respectively. The three leg spread cost a 65c net debit