Options Update for Rackspace Hosting

Posted on 04/05/2013 by Peter Mankowitz

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NEW YORK (AVAFIN) -- Trading of Rackspace Hosting options resulted in establishing a new 90-day call volume record, where 3,316 call contracts exchanged hands between the buyers and the sellers. A total of 12,104 put and 3,316 call contracts was traded raising a 3.65 put/call ratio on shares of RAX

The ratio skew implies that investors are hedging their positions in anticipation of a stock move. Today's unusual volume activity confirms that traders are re-balancing their portfolios.

Shares of Rackspace Hosting closed at $47.29, up $0.43 (+0.92%) in the last trading session. Today's volume of 2M shares is greater than the average volume of 2M shares.The technical momentum Relative Strength Index indicator shows oversold conditions. RAX is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $40.57 and 52 week high is $81.36.

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