Options Trader Alert for Textron Inc (TXT)
Posted on 03/16/2010
Unusual volume of call contracts was traded today. There were 9,154 call contracts traded compared to the ten day average volume of 1,615 contracts. On the put side, 5,832 put contracts exchanged hands. Today's traded Put/Call ratio is 0.64. There were 1.57 calls traded for each put contract.
Put/Call ratio is often used to measure investor sentiment,
the ratio serves as a predictor of investor behavior. A high Put/Call ratio suggests
that the investor sentiment is bearish and that investors expect the underlying stock
to decrease in value. In contrast, a low Put/Call ratio suggests that the investor
sentiment is bullish and that the underlying stock is expected to increase in value.
Unusual volume provides reliable clues that the stock is expected to make a move.
Textron Inc closed at $22.05 in the last trading session and opened today at $22.06.
The stock price rose $0.36 (+1.63%) to $22.41 in today's trading session.
TXT is trading between the range of $21.94 - $22.78.
Volume is 3,590,788 in relation to the three month average volume of 5,224,720 shares.
TXT is trading above the 50 day moving average and higher
than the 200 day moving average. The stock's 52 week low is $5.13 and 52 week high is $23.46.
by Leo Goldman Options Analytics Group
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Unusual volume of call contracts was traded today. There were 9,154 call contracts traded compared to the ten day average volume of 1,615 contracts. On the put side, 5,832 put contracts exchanged hands. Today's traded Put/Call ratio is 0.64. There were 1.57 calls traded for each put contract.