Monster Worldwide, the online job posting site, is down 30c to $10.30 a new 52-week low and option volume is 23x the daily average driven by in the September $10 puts in which block of 9,800 (total 11,000 contracts) have traded against prior open interest of just 964 in the strike. This is appears to be an opening sale and would consistent with a theme that developed yesterday as we saw put selling in names such as WAG, SVU, SWY, HSY as the stocks sank lower. The difference here is that Monster would be considered a very economically sensitive company whereas the others are viewed as defensive for a slowing economy. Today’s action is not a positive response to the news that MWW has finalized a deal to acquire HotJobs and entered an agreement with Yahoo.