Most Active Put Options at CBOE: Brocade

Published on Tuesday, 07 September 2010 22:00 Written by Christian Paolinetti

New York, September 7^th (Tradershuddle.com) – Brocade (NASDAQ:BRCD), the provider of switching solutions for storage area networks, had the most active Put options volume.

Put options on Brocade with a $5.00 strike price expiring on January 22nd, 2010, were the most active put options with 12,898 contracts traded. The price of the Put finished at $0.23 per contract sliding $0.04, or 14.81% in the session.

The contract Greeks are: Delta: -0.22; Gamma: 0.23; Vega: 0.01; Theta: 0.00.

Shares of Brocade gained 5.48% to $5.61 during the session. The 52-week low is $4.64 and its 52-week high is $9.84.

Brocade moved higher again, making today the seventh straight gain for the stock. The rally during these days has added over 25% to the share price as buyout rumors intensified after Hewlett-Packard (NYSE:HPQ) finally got the winning bid for rival storage company, 3Par (NYSE:PAR), after a bidding war with computer maker rival Dell (NASDAQ:DELL).