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www.ONN.tv Reports: Front-Month Call Buyers Active on Red Hat (RHT) and Safeway (SWY)

Posted on: Monday, 23 March 2009, 12:39 CDT

CHICAGO, March 23 /PRNewswire/ -- Recorded live from the trading floor of the Chicago Board Options Exchange (CBOE), the Sidewinder Report is www.ONN.tv's daily look at notable options activity.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090323/AQM046LOGO)

Today's "Option Volume Versus Open Interest," hosted by Chief Investment Strategist Jud Pyle, covers notable options trading activity from:

• Red Hat, Inc. (RHT) - Call buying on April 17.50 strike; renewed takeover rumors
• Safeway Inc. (SWY) - Call buyers at April 22 strike; stock mentioned positively in Barron's
• US Bancorp (USB) - Rallying on heels of Treasury Secretary Geithner's remarks; sellers active on June 20 calls

This video can be found on www.ONN.tv (http://www.onn.tv) under the "Sidewinder" tab or directly from this link (if this link does not work, simply cut and paste the following into your browser: http://www.onn.tv/pr/Front_Month_Call_Buyers_Active_on_RHT_and_SWY.html).

About the Options News Network:

Serving a rapidly growing segment of the investment community, The Options News Network is the first media outlet focused exclusively on providing top quality daily options news and entertainment, options education, options trading ideas, options strategies, and expert commentary on the options market, targeting options traders of all skill and experience levels as well as stock investors thinking about options for the first time.

SOURCE www.ONN.tv

Source: PR Newswire

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