NEW YORK (AVAFIN) -- Traders noticed unusual options activity on shares of Goldcorp where 40,475 call and 14,362 put
contracts were traded between buyers and sellers. Call volume outnumbered put contracts at a
ratio of 2.8:1, yielding 0.35 put/call ratio.
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Investors use options to manage risk and to speculate on price changes. Options can provide
significant leverage if the stock moves in the right direction but aslo end up worthless if it
Shares of Goldcorp declined $2.42 (5.55%) to $41.17 in today's trading session.
The price of GG ranged between $40.55 - $42.88. Volume is 13M in relation to the three
month average volume of 5M shares. GG is trading below the 50 day
moving average and lower than the 200 day moving average. The stock's 52 week low is $41.91 and 52 week high is $56.31. To date, the stock has lost -8.67% within the last week.
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