NEW YORK (AVAFIN) -- Arch Coal options contracts experienced a new 90-day record for call contracts where a total
of 13,226 call contracts were traded in the busy trading session. The contract spread
yielded a 0.51 put/call ratio where 2.0 call contracts were traded for each put contract.
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The ratio skew implies that investors are hedging their positions in anticipation of a stock move.
Today's unusual volume activity confirms that traders are re-balancing their portfolios.
Shares of Arch Coal closed at $12.89, down $0.49 (3.66%) in the last trading session.
Today's volume of 10M shares is greater than the average volume of 7M
shares. ACI is trading below the 50 day moving average and lower
than the 200 day moving average. The stock's 52 week low is $13.09 and 52 week high is $36.99.