Daily Commentary for S&P 500 Companies S&P 500 Options Alerts
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Daily Options Trading for Nexen (NXY)
Posted on 03/17/2010
 Nexen options saw high put activity today. A total of 3,214 put and 394 call contracts were traded raising a high Put/Call volume alert. Today's traded Put/Call ratio is 8.16. There were 8.16 puts traded for each call 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 Nexen gained $0.37 (+1.58%) to $23.83.
The stock closed at $23.46 in the last trading session and today the shares of NXY opened at $23.65.
So far today, the stock has hit a low of $23.56 and high of $23.85. The current trading volume of 1,583,228
is less than average volume of 1,942,280 shares.
NXY is trading above the 50 day moving average and higher than the 200 day moving average.
The stock's 52 week low is $14.01 and 52 week high is $26.25.
by Leo Goldman
Options Analytics Group
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