As fiscal cliff induced anxieties reverberate across most sectors Panera Bread Co. (NASDAQ:PNRA) has shed about 4.2% today -- a move that hasn't gone unnoticed by bearish bettors. More than 2 600 puts had crossed the tape as of 12:30 p.m. EST which is more than six times the norm and about double the number of calls exchanged. Most popular has been the December 160 put where more than 1 000 contracts have changed hands -- the majority of them at the ask price pointing to buyer-fueled activity. These puts traded at a volume-weighted average price (VWAP) of $0.93. ...