Alpha Natural Resources - Options Insight

Posted on 04/24/2012 by Rich Singler


NEW YORK (AVAFIN) -- Alpha Natural Resources 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 8,074 and calls was 24,927 equating to a 0.32 put/call ratio.

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.

Some of Alpha's Northern Appalachian output could be sold into metallurgical markets for a significant premium to their traditional markets if conditions warrant. Additionaly, The PRB is a very attractive coal basin, with extremely low-cost and easy-to-access reserves and oligopolistic competition.

Alpha Natural Resources is currently trading at $16.42, up $0.30 (+1.86%) in today's trading session. The shares of the stock were trading between $15.92 and $16.86. Within the last quarter, the shares have lost -18.43% of their value. Todays's volume of 11M shares is less than the average volume of 12M shares. ANR is trading below the 50 day moving average and lower than the 200 day moving average.

Market Snapshot (04/24/2012)
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