Suncor Energy (SU) - Daily Digest

Posted on 05/03/2012 by Norm Sorkin

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NEW YORK (AVAFIN) -- Options contracts of Suncor Energy experienced unusual volume on put contracts. Today's put volume outweighed call contracts at a ratio of 7.2:1, yielding 7.18 put/call ratio. Buyers and sellers exchanged 35,821 put and 4,989 call contracts during the market session.

Investors use options to manage risk and to speculate on price changes. Options can provide significant leverage if the stock moves in the right direction but aslo end up worthless if it doesn't.

Suncor Energy (SU) opened today at $32.71 and is currently trading at $31.60, down $1.09 (3.33%) during last trading session. Within the last month, shares of SU have lost -7.63% of their value. The daily low is $31.60 and the high is $32.77. The trading volume of 5M is above the average volume of 4M shares.


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