Interesting Options Volume for Cinemark Holdings (CNK)
Posted on 03/02/2010

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 Cinemark Holdings gained $0.65 (+4.00%) to $16.90. The stock closed at $16.25 in the last trading session and today the shares of CNK opened at $16.69. So far today, the stock has hit a low of $16.47 and high of $17.03. The current trading volume of 1,822,867 is less than average volume of 593,988 shares. CNK is trading above the 50 day moving average and higher than the 200 day moving average. The technical momentum Relative Strengh Index indicator shows overbought conditions. The stock's 52 week low is $6.75 and 52 week high is $16.52. Cinemark Holdings has earnings per share of $0.88.

Sasha Gelf
Options Analytics Group
sasha.gelf@marketintellisearch.com