Options Brief: Websense (WBSN)

WBSN – Websense Inc. – Shares of the provider of web filtering and security, data loss prevention and email and anti-spam and security solutions fell 4.00% to $20.14 as of 3:30 pm (ET). Contrarian options players expecting shares of Websense to rebound sharply ahead of August expiration initiated plain-vanilla call buying on the stock. Investors picked up roughly 3,300 calls at the August $20 strike for an average premium of $1.46 per contract. Call buyers at this strike price make money if shares of the underlying rally 6.55% to surpass the average breakeven price of $21.46 by expiration day in August.

About Andrew Wilkinson 1023 Articles

Affiliation: Interactive Brokers

Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.

Interactive Brokers: Interactive Brokers offers direct market access to around 80 electronic global markets from a single account. Successful traders and investors understand that superior technology and lower trading costs can result in greater returns. For 32 years we have been building direct access trading technology that delivers real advantages to professionals worldwide. With consolidated equity capital of US $4.4 billion, IB and its affiliates exceed 1,000,000 trades per day. In addition, our prudent and conservative risk policies make Interactive Brokers a safe haven for your money. Discover some of the reasons why IB, the largest independent US broker/dealer, is the professional traders' and investors' choice.

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