NEW YORK (AVAFIN) -- Today's AFFY options volume was higher than the average 10-day volume on both the
call and put side. Aggregate volume of puts was 11,283 and calls was 23,273 equating to
a 0.48 put/call ratio.
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.
AFFY is trading above the 50 day moving average and higher than
the 200 day moving average. Affymax opened at $13.61 and the stock price rose $0.58 (+4.22%)
to $14.31 during the market session. AFFY is trading between the range of $10.74 - $16.25.
Within the last week, the shares have gained 12.06% of their value.