Cracker Barrel (CBRL) is under fire today after the restaurant chain reported disappointing third quarter results and guided estimates lower for the fourth quarter. Shares are down $5.5 to $47.64. Today’s options volume of 1,700 puts and 385 calls is 7X the average daily volume for the name. The top trade is a 180-contract lot of Jun 45 puts at the 45-cent asking price. 1,110 traded, as it appears that some investors are buying the contract, which is 5.5 percent OTM with 24 days of life remaining, on concerns about additional losses for Cracker Barrel shares in the weeks ahead.