Notable Put Options Activity in Red Hat

Shares of Red Hat

are higher on the session by %, currently trading at $19.18. 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 March 2012 $48.00 put, which has traded 2,528 times on open interest of 6,149 contracts. The Mar2012 $45.00 put also traded 2,528 times on 8,771 contracts. The spread traded for $0.52. Put volume is outpacing call volume by 46 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.