Daily Options Trading for Life Partners Holdings (LPHI)
Posted on 07/28/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- Life Partners Holdings options saw high put activity today. A total of 2,595 put and 561 call contracts were traded raising a high Put/Call volume alert. Today's traded Put/Call ratio is 4.63. There were 4.63 puts traded for each call contract.
A significant increase in the trading volume of a stock's option often is a precursor of movement by the underlying stock.
In such instances, Put/Call Ratio can be used as an investor sentiment indicator, where a high ratio implies that the overall
investor sentiment is bearish and a low Put/Call ratio implies that the overall sentiment is bullish.
Shares of Life Partners Holdings closed at $18.52 in the previous trading session and opened today at $18.43.
LPHI is currently trading at $17.00, down $1.52 (-8.21%) in today's trading session.
The shares of the stock are trading between $16.77 and $18.43.
Today's volume of 680,290 shares is greater than the average volume of 104,502 shares.
The technical momentum Relative Strengh Index indicator shows oversold conditions. LPHI is trading below the 50 day moving average and lower than the 200 day moving average.
The stock's 52 week low is $15.65 and 52 week high is $24.50.
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