NEW YORK (AVAFIN) -- Sprint Nextel options set a new 90-day record for the number of call contracts that exchanged
hands between the buyers and the sellers. Aggregate volume of puts was 5,789 and calls
was 20,278 equating to a 0.29 put/call ratio.
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Options can be used as predictors of stock behavior. Investors can use put/call ratios as
technical indicators to read for signs of institutional sentiment. The put/call ratios
offer insight to investors and can be used as either a direct or contrarian indicator
for trading decisions. Unusual volume provides reliable clues that the stock is expected
to make a move.
Sprint Nextel opened at $2.87 and the stock price rose $0.15 (+5.30%)
to $2.98 during the market session. S is trading between the range of
$2.83 - $2.98. Performance indicators show that the stock has gained 8.76% within the last week.
Volume is 90M in relation to the three month
average volume of 45M shares. S is trading above the 50
day moving average and lower than the 200 day moving average.