Riverbed Tech (RVBD) is down 77 cents to $26.48, but early options order flow on the software-maker seems bullish. 12,000 calls and 3,200 puts traded in the name so far. April 31 calls, which are 17.1 percent OTM and expiring in 39 days, are the most actives. 2,090 traded. April 29, Apr 30, and Mar 27 calls are seeing interest. Mar 31s are the most active puts. Levels of implied volatility in RBVD options jumped 19 percent to 51. FBR Capital is out with positive comments on the company today, saying they believe Rivebed’s growth story is only in the early stages of playing out. They rate the stock Outperform. Earnings will be reported mid-to-late April, possibly before the April expiration.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.