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Daily Commentary for S&P 500 Companies S&P 500 Options Alerts
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Interesting Options Volume for Patterson-UTI Energy (PTEN)
Posted on 03/10/2010
 PTEN options saw interesting call activity today. A total of 80 put and 1,058 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.08. There were 13.22 calls traded for each put contract.
Unusual volume provides reliable clues that the stock is expected to make a move.
Investors can use the Put/Call ratio statistics to measure trader sentiment.
A high Put/Call ratio suggests that the overall investment sentiment is bearish and that
investors expect the underlying stock to decrease in value. Conversely, a low Put/Call
ratio implies that the overall investor sentiment is bullish based on the large amount
of call options.
Shares of Patterson-UTI Energy edged up $0.54 (+3.53%) to $15.84.
The stock closed at $15.30 in the previous trading session and opened today at $15.28.
The price of the stock ranged between a low of $15.19 and $15.85 respectively.
The stock price rose $0.54 (+3.53%) to $15.84 in today's trading session.
The trading volume of 8,554,816 is above the 90 day average volume of 5,739,900 shares.
PTEN is trading below the 50 day moving average.
The stock's 52 week low is $8.18 and 52 week high is $18.67.
by Sasha Gelf
Options Analytics Group
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