NEW YORK (AVAFIN) -- A record number of Chesapeake Energy Corporation call contracts were traded during the busy trading session. There
were 3.8 call contracts traded for each put contract yielding a 0.27 put/call ratio
where 4,102 put and 15,418 call contracts exchanged hands.
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Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio
statistics serve as a useful predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying stock. Thus, unusual volume
provides reliable clues that the stock is expected to make a move.
Shares of Chesapeake Energy Corporation rose $0.52 (+2.21%) to $24.08 in today's trading session.
The price of CHK ranged between $23.35 - $24.24. Volume is 11M in relation to the three
month average volume of 16M shares. CHK is trading above the 50 day
moving average and lower than the 200 day moving average. The stock's 52 week low is $20.41 and 52 week high is $35.75. To date, the stock has gained 6.31% within the last month.