Options Alert for USG Corporation (USG)

Posted on 04/04/2012 by Norm Sorkin


NEW YORK (AVAFIN) -- USG Corporation options established a new 90-day record for traded call and put contracts. A total of 20,624 put and 3,455 call contracts were traded raising a 5.97 put/call ratio on shares of USG

Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio statistics serve as a useful predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying stock. Thus, unusual volume provides reliable clues that the stock is expected to make a move.

USG's negative retained earnings have ballooned during the past several years, highlighting the difficulties in operating in the dreary housing environment. Additionaly, Big box retail customers, such as Home Depot and Lowe's, account for nearly 20% of sales. If these customers attempt to instill bargaining power onto USG, it could affect the firm's profitability through the retail channel.

On the volume side, 4M shares were traded which is greater than the average volume. USG Corporation is trading above the 50 day moving average and higher than the 200 day moving average. Shares of USG opened today at $16.61 and settled the day down $0.33 to $16.54 during the session. The day's trading range is between $16.13 and $16.68 respectively. To date, the stock has lost -7.75% within the last week.

Market Snapshot (04/04/2012)
  SPX 1398.66 -14.72 -1.04%
  DOW 13071.9 -127.60 -0.97%
  NASDAQ 3068.09 -45.48 -1.46%
  VIX 16.44 0.78 4.98%

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