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Options Update for Biogen Idec Inc (BIIB)
Posted on 03/19/2010
 BIIB options saw interesting call activity today. A total of 436 put and 4,630 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.09. There were 10.62 calls traded for each put contract.
Options can be used as predictors of stock behavior. Investors can
use Put/Call ratios as technical indicators to read for signs of institutional sentiment. The
Put/Call ratios offer insight to investors and can be used as either a direct or contrarian
indicator for trading decisions. Unusual volume provides reliable clues that the stock is
expected to make a move.
Shares of Biogen Idec Inc closed at $59.20 in the previous trading session and opened today at $59.82.
BIIB is currently trading at $59.81, up $0.61 (+1.03%) in today's trading session.
The shares of the stock are trading between $58.59 and $60.17.
Today's volume of 3,873,607 shares is greater than the average volume of 2,783,580 shares.
BIIB is trading above the 50 day moving average and higher than the 200 day moving average.
The stock's 52 week low is $41.75 and 52 week high is $59.85.
by Leo Goldman
Options Analytics Group
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