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Trading Update for Mylan Inc (MYL)
Posted on 03/15/2010
 MYL options saw interesting call activity today. A total of 167 put and 1,824 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.09. There were 10.92 calls traded for each put contract.
Options are useful tools for predicting the movement of the
underlying stock. Put/Call ratio statistics serve as a useful predictor of investment
sentiment, indicating what experienced investors are doing in preparation for a move of an
underlying stock. Thus, unusual volume provides reliable clues that the stock is
expected to make a move.
Mylan Inc (MYL) closed at $21.95 in the last trading session and opened today at $21.81. MYL is
trading at $21.94, down $0.01 (-0.05%) in today's trading session. The daily
low is $21.71 and the high is $22.00. The trading volume of 5,282,976 is below the
average volume of 7,257,900 shares. MYL 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 $11.66 and 52 week high is $22.05.
by Leo Goldman
Options Analytics Group
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