Notable Put Options Activity in Rackspace Hosting
February 08, 2012 1:48 PM
Shares of Rackspace Hosting (NYSE: RAX) are lower on the session by 1.83%, currently trading at $48.71. The stock has been moving largely higher over the past six weeks 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 February 2012 $44.00 put, which has traded 2,500 times on open interest of 3,296 contracts. The Feb2012 $48.00 put also traded 1,249 times on 1,449 contracts.
Put volume is outpacing call volume by 5 to 1.
Rackspace Hosting, Inc. operates in the hosting and cloud computing industry. It offers its products under the Fanatical Support brand. As of December 31, 2010, the company's are sold to businesses in more than 120 countries.
