Options Alert for Questcor Pharmaceuticals

Posted on 04/26/2012 by Ella Gold


NEW YORK (AVAFIN) -- A record number of Questcor Pharmaceuticals call contracts were traded during the busy trading session. There were 1.0 call contracts traded for each put contract yielding a 0.98 put/call ratio where 3,652 put and 3,709 call contracts exchanged hands.

Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of investor behavior. A high put/call ratio suggests that the investor sentiment is bearish and that investors expect the underlying stock to decrease in value. In contrast, a low put/call ratio suggests that the investor sentiment is bullish and that the underlying stock is expected to increase in value. Unusual volume provides reliable clues that the stock is expected to make a move.

Shares of Questcor Pharmaceuticals gained $2.97 (+7.34%) to $43.45. The last trading session witnessed a low of $40.68 and high of $44.13 during the day. The current trading volume of 2M is greater than average volume of 2M shares. QCOR is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $19.26 and 52 week high is $45.95. Performance indicators show that the stock has gained 20.73% within the last quarter.

Market Snapshot (04/26/2012)
  SPX 1399.79 9.10 0.65%
  DOW 13207.1 116.40 0.89%
  NASDAQ 3050.61 20.98 0.69%
  VIX 16.27 -0.55 -3.27%

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