Walgreen (WAG) - Unusual Options Volume

Posted on 03/21/2012 by Allen Bersch


NEW YORK (AVAFIN) -- WAG options contracts experienced interesting volume on the put side. There were 8.5 puts traded for every call contract yielding a 8.47 put/call ratio. Specifically, 38,866 put and 4,588 call contracts exchanged hands intraday.

Put/Call ratio can be regarded as a predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying equity. A high put/call ratio suggests that the investor sentiment is bearish and that investors are expecting the underlying stock price to decrease. On the other hand, a low put/call ratio implies that the investor sentiment is bullish and that investors are expecting the underlying stock price to increase. Thus, unusual volume provides reliable clues that the stock is expected to make a move.

Shares of WAG opened today at $33.87 and settled the day down $0.25 to $33.81 during the session. The day's trading range is between $33.74 and $33.98 respectively. Performance indicators show that the stock has lost -2.59% within the last month. On the volume side, 5M shares were traded which is less than the average volume of 9M shares. Walgreen is trading above the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $30.34 and 52 week high is $45.34. The stock has a P/E ratio of 11.52 and a dividend yield of 2.50%.

Market Snapshot (03/20/2012)
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