Interesting Options Volume for Century Aluminum Company (CENX)
Posted on 05/25/2010 by Leo Goldman (
[email protected])
NEW YORK (Market Intellisearch) -- CENX options saw interesting call activity today. A total of 1,381 put and 10,639 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.13. There were 7.70 calls traded for each put contract.
Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of investor behavior. A high Put/Call ratio suggests that the investor sentiment is bearish and that investors expect the underlying stock to decrease in value. In contrast, a low Put/Call ratio suggests that the investor sentiment is bullish and that the underlying stock is expected to increase in value. Unusual volume provides reliable clues that the stock is expected to make a move.
Shares of Century Aluminum Company edged up $0.26 (+2.65%) to $10.06. The stock closed at $9.80 in the previous trading session and opened today at $0.00. The price of the stock ranged between a low of $8.97 and $10.06 respectively. The trading volume of 5,790,344 is above the 90 day average volume of 5,104,570 shares. CENX is trading below the 50 day moving average. The stock's 52 week low is $4.70 and 52 week high is $18.77.