NEW YORK (AVAFIN) -- EMC Corporation options contracts experienced a new 90-day record for call contracts where a total
of 27,267 call contracts were traded in the busy trading session. The contract spread
yielded a 0.28 put/call ratio where 3.5 call contracts were traded for each put contract.
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The ratio skew implies that investors are hedging their positions in anticipation of a stock move.
Today's unusual volume activity confirms that traders are re-balancing their portfolios.
EMC Corporation settled the day down $0.40 to $28.25 in the previous trading session. Today's
trading range was between $28.24 and $29.11 respectively. On the volume side, 18M shares were
traded, which is less than the average volume of 20M shares. EMC is trading
above the 50 day moving average and higher than the 200 day
moving average. The stock's 52 week low is $19.84 and 52 week high is $30.00. To date, the stock has lost -2.64% within the last month.
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EMC Corporation and its subsidiaries develop, deliver and support the Information Technology industry's range of information infrastructure technologies and solutions.