Notable Put Options Activity in Red Hat

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Shares of Red Hat
RHT
are higher on the session by 2.11%, currently trading at $49.93. The stock has been moving largely higher 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 April 2012 $50.00 put, which has traded 456 times on open interest of 2 contracts. Put volume is outpacing call volume by 5 to 1. Red Hat, Inc. is engaged in providing open source software solutions to the enterprise, including its Red Hat Enterprise Linux and JBoss Enterprise Middleware.
Posted In: OptionsMarkets
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