Replies to post #288 on Rackspace Hosting (f/k/a RAX)

[Belek]

well I did what the option player did and bought the Sept 34 calls for

$3.18 yesterday, i wanted to buy more this morning but looks like I will

be paying a little more premium for them, I still feel RAX goes over $42, so the investor that instituted that position is comfortable with a $42 sell,
am also, lets see what today brings.....good luck

optionMONSTER's Heat Seeker monitoring program detected the purchase of 3,400 September 34 calls for $3.40 and the sale of an equal number of September 42 calls for $0.80. Volume surpassed open interest at both strikes, which indicates new positions were initiated.

[Belek]

Rackspace Hosting Inc. (RAX) Is Rising On WSJ Report Of Blue Harbour Stake,,,,,,,,$32.95 after hours

8/18/2014 4:46 PM ET
The Wall Street Journal reported after the bell Monday that Blue Harbour Group has acquired a 6.5 percent stake in Rackspace Hosting Inc. (RAX: Quote). The stock is now up 0.88 on 42K shares.

Rackspace Hosting gapped up at the open Monday, but traded in a range for the bulk of the session. The stock closed up by 0.61 at $31.82 and set a 1-month high.