NEW YORK (AVAFIN) -- SPDR S&P Metals & Mining options contracts experienced a new 90-day record for call contracts where a total
of 13,956 call contracts were traded in the busy trading session. The contract spread
yielded a 0.27 put/call ratio where 3.7 call contracts were traded for each put contract.
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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.
Shares of XME closed at $49.53 during the previous session. During the session,
the stock hit a low of $47.48 and high of $49.79. The current trading volume of 5M is
greater than average volume of 3M shares. XME is trading below
the 50 day moving average and lower than the 200 day moving average.
The stock's 52 week low is $40.17 and 52 week high is $77.02. To date, the stock has lost -5.98% within the last quarter.