Calls Purchased on Red Hat, Inc.

Shares of Red Hat, Inc. RHT are higher on the session by 1.82%, currently trading at $41.95. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the July 2011 $45.00 call was purchased 4,000 times, on the offer, on open interest of 1,135 contracts. Overall call volume is now running at 5.00x the daily average with 79% of all calls traded being purchases on the offer. 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.