Options Update for Brocade Communications Systems (BRCD)
Posted on 07/29/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- BRCD options saw interesting call activity today. A total of 2,661 put and 17,629 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.15. There were 6.62 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.
Brocade Communications Systems closed at $5.01 in the last trading session and opened today at $5.04.
The stock price declined $0.05 (-1.00%) to $4.96 in today's trading session.
BRCD is trading between the range of $4.95 - $5.05.
Volume is 14,334,998 in relation to the three month average volume of 13,706,900 shares.
BRCD is trading below the 50 day moving average and lower
than the 200 day moving average. The stock's 52 week low is $4.85 and 52 week high is $9.84.
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