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Daily Commentary for S&P 500 Companies S&P 500 Options Alerts
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Options Activity for Newfield Exploration Co. (NFX)
Posted on 03/08/2010
 NFX options saw interesting call activity today. A total of 32 put and 1,236 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.03. There were 38.62 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 Newfield Exploration Co. slipped $0.18 (-0.34%) to $52.66.
The stock closed at $52.84 in the last trading session and today the shares of NFX opened at $53.01.
So far today, the stock has hit a low of $52.49 and high of $53.33. The current trading volume of 1,302,175
is less than average volume of 1,713,810 shares.
NFX is trading above the 50 day moving average and higher than the 200 day moving average.
The stock's 52 week low is $18.74 and 52 week high is $54.26.
Sasha Gelf
Options Analytics Group
sasha.gelf@marketintellisearch.com
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