Notable Put Options Activity in Blue Coat Systems
December 09, 2011 11:10 AM
Shares of Blue Coat Systems (NASDAQ: BCSI) are higher on the session by 44.06%, currently trading at $25.181. The stock has been moving largely lower over the past two months and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the July 2012 $22.00 put, which has traded 447 times on open interest of 0 contracts. Small lots are active on the name today in all months.
Blue Coat Systems has agreed to be taken private by an investor group led by private equity firm Thoma Bravo LLC, a deal it said values the company at roughly $1.3 billion (all cash).
Blue Coat Systems, Inc. designs, develops and sells proxy and other appliances, and related software and services that secure the delivery of business applications, Web content and other information to distributed users over a wide area network, or across an enterprise's gateway to the public Internet.
