Bulls Buying Upside on Radware Ltd. (RDWR)
March 15, 2011 1:07 PM
Shares of Radware Ltd. (NASDAQ: RDWR) are lower on the session by 3.50%, currently trading at $37.00. The stock has been moving largely sideways over the past four months and is currently consolidating around the 50-day moving average.
Options traders are buying calls on the name today. A short while ago the April 2011 $40.00 call was purchased 5,300 times, on the offer, on open interest of 2,617 contracts.
Overall call volume is now running at 3.45x the daily average with 90% of all calls traded being purchases on the offer.
Radware Ltd. develops, manufactures and markets integrated networking solutions that allow its enterprise and carrier customers to deliver their mission critical applications between data centers and remote locations, over all critical points in the network.
