Interesting Options Volume for TC Pipelines LP (TCLP)
Posted on 07/27/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- TCLP options saw interesting call activity today. A total of 106 put and 13,605 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.01. There were 128.35 calls traded for each put contract.
The skewed options ratio suggests that traders are rebalancing their portfolios in anticipation of a price shift. Today’s unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.
TC Pipelines LP (TCLP) closed at $42.91 in the last trading session and opened today at $42.89. TCLP is
trading at $41.74, down $1.17 (-2.73%) in today's trading session. The daily
low is $41.73 and the high is $43.00. The trading volume of 142,139 is above the
average volume of 102,131 shares. TCLP 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 $33.08 and 52 week high is $43.14. The stock has a P/E ratio of 18.74 and a dividend yield of 6.80%.
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