Downside Purchased on Riverbed Tech (RVBD)

Shares of Riverbed Technology Inc. RVBD are higher on the session by 1.78%, currently trading $26.90. The stock has been drifting lower over the past six weeks and is now nearing the 200-day moving average. Options traders believe that the stock may break down through that level and are buying the July $25 put 2,000 times today. Open interest on that strike was only 149 contracts, signaling new, bearish positioning. Put volume is running at 2.88x the daily average with 91% of all puts traded being purchases on the offer. Riverbed Technology, Inc. has developed solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs).