Options Activity for Schnitzer Steel Industries Inc. (SCHN)
Posted on 07/30/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- SCHN options saw interesting call activity today. A total of 240 put and 3,036 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.08. There were 12.65 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.
Shares of Schnitzer Steel Industries Inc. edged down $0.46 (-0.99%) to $45.82.
The stock closed at $46.28 in the previous trading session and opened today at $45.32.
The price of the stock ranged between a low of $45.20 and $46.14 respectively.
The trading volume of 484,085 is below the 90 day average volume of 619,430 shares.
SCHN is trading above the 50 day moving average.
The stock's 52 week low is $37.00 and 52 week high is $60.12. The stock has a P/E ratio of 21.86 and a dividend yield of 0.15%.
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