NEW YORK (AVAFIN) -- A record number of Rare Element Resources call contracts were traded during the busy trading session. There
were 1.0 call contracts traded for each put contract yielding a 1.04 put/call ratio
where 5,424 put and 5,198 call contracts exchanged hands.
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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.
On the volume side, 454M shares were traded which is less
than the average volume. Rare Element Resources is trading below the 50 day
moving average and lower than the 200 day moving average.
Shares of REE opened today at $4.33 and settled the day down $0.24 to $4.11
during the session. The day's trading range is between $4.06 and $4.40 respectively.
Performance indicators show that the stock has lost -27.77% within the last month.
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