Deep Dive Into Today's Trading Activity for Affymax

Posted on 03/28/2012 by Evelyn Greenberg


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.

Market Snapshot (03/27/2012)
  SPX 1405.56 -6.96 -0.49%
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  NASDAQ 3104.96 -15.39 -0.49%
  VIX 15.49 -0.10 -0.64%

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