Red Hat (RHT) volatility elevated; shares sell off on profit taking

Red Hat (NYSE: RHT) is recently down $2.30 to $43.75 on Q3 revenue $290M vs. consensus $289.62M. Citigroup Global Markets say's "Strong Nov Q but FX crimps upside". Overall option implied volatility of 47 is above its 26-week average of 43.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BJ's Wholesale Club (BJ) call put ratio 1.3 calls to 1 put into quarter results
• Palo Alto Networks (PANW) call put ratio 1 call to 1.2 puts amid price movement
• Ross Stores (ROST) 9K contracts of September 220 puts trade into quarter results