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Daily Commentary for S&P 500 Companies S&P 500 Options Alerts
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Trading Update for DreamWorks Animation SKG (DWA)
Posted on 03/08/2010
DWA options saw interesting call activity today. A total of 153 put and 1,684 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.09. There were 11.01 calls traded for each put contract.
Put/Call ratio can be regarded as a predictor of investment sentiment,
indicating what experienced investors are doing in preparation for a move of an underlying equity.
A high Put/Call ratio suggests that the investor sentiment is bearish and that investors are
expecting the underlying stock price to decrease. Conversely, a low Put/Call ratio implies
that the investor sentiment is bullish and that investors are expecting the underlying
stock price to increase. Thus, unusual volume provides reliable clues that the stock is
expected to make a move.
Shares of DWA closed at $41.76 in the previous trading session and opened today at $42.51.
DreamWorks Animation SKG settled the day down $0.01 to $41.75 in the trading session.
The day's trading range is between $41.44 and $42.90 respectively. On the volume side,
1,723,044 shares were traded which is greater than the average volume of 686,362 shares.
DWA is trading above the 50 day moving average and higher than the 200
day moving average. The stock's 52 week low is $17.91 and 52 week high is $43.52.
Sasha Gelf Options Analytics Group sasha.gelf@marketintellisearch.com
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