Trader Sells Out of Solarwinds Calls (SWI)

Shares of Solarwinds Inc. (NYSE: SWI) are trading lower on the session by 2.04%, currently at $19.23. The stock has now broken through the 50-day and 200-day moving averages, retested the 200-day, and failed to regain the level. That is a significantly bearish pattern.

One trader is selling out of their call position today as well with the September $30 call sold on the bid 3,500 times for $0.15. Open interest on the strike is exactly 3,500 contracts, which suggests that this trade was a closing transaction.

SolarWinds, Inc. designs, develops, markets, sells and supports enterprise information technology (IT), management software to IT professionals in organizations of all sizes.