Notable Put Options Activity in Riverbed Technology

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Shares of Riverbed Technology (NASDAQ: RVBD) are lower on the session by 1.14%, currently trading at $26.85. The stock has been moving largely higher over the past two months, though it is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $23.00 put, which has traded 2,700 times on open interest of 895 contracts. Put volume is outpacing call volume by 9 to 1. Riverbed Technology, Inc. has developed solutions to the fundamental problems associated with information technology performance across wide area networks.

27% profit every 20 days?

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