Market Overview

Calls Purchased on Red Hat (RHT)


Shares of Red Hat Inc. (NYSE: RHT) are higher on the session by 2.21%, currently trading at $33.26. The stock has been moving largely higher over the past six months and is nearing its 52-week high of $33.99.

Options traders are betting that the stock breaks to new highs this month. The September $34.00, $35.00, and $36.00 calls were all purchased over 1,100 times, on the offer, very early in the session. Volume exceeded open interest on the $34.00 and $36.00 strikes.

Call volume is now running at7x the daily average. Takeout target???

Red Hat, Inc. is engaged in providing open source software solutions to the enterprise, including its core enterprise operating system platform, Red Hat Enterprise Linux, its enterprise middleware platform, JBoss Enterprise Middleware, its virtualization solutions and other Red Hat enterprise technologies.

For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.


Related Articles (RHT)

View Comments and Join the Discussion!

Posted-In: Long Ideas Technicals Options Trading Ideas