Options Trader Alert for Mylan Inc (MYL)
Posted on 03/16/2010
MYL options saw interesting call activity today. A total of 27 put and 1,004 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.03. There were 37.19 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.
Shares of Mylan Inc closed at $21.95 in the previous trading session and opened today at $21.91.
MYL is currently trading at $22.08, up $0.13 (+0.59%) in today's trading session.
The shares of the stock are trading between $21.76 and $22.10.
Today's volume of 3,424,658 shares is less than the average volume of 7,301,300 shares.
The technical momentum Relative Strengh Index indicator shows overbought conditions. MYL is trading above the 50 day moving average and higher than the 200 day moving average.
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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MYL options saw interesting call activity today. A total of 27 put and 1,004 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.03. There were 37.19 calls traded for each put contract.