El Paso - Trading Recap

Posted on 05/22/2012 by Jane Lacave


NEW YORK (AVAFIN) -- Fascinating results were revealed during today's trading session for El Paso. A noteworthy total of 37,186 call and 4,443 put contracts exchanged hands. The volume of call contracts outnumbered put contracts at a ratio of 8.4:1, yielding a 0.12 put/call ratio.

View Options Trading Activities

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.

El Paso's pipelines have wide economic moats and generate stable cash flow, while its E&P operation possesses a narrow moat. Additionaly, El Paso shifted its oil and gas drilling operations to liquids-rich Altamont, Eagle Ford, and Haynesville properties to take advantage of the pricing advantage of oil over natural gas, which should help fetch attractive prices in a sale.

Shares of El Paso rose $0.44 (+1.51%) to $29.54 in today's trading session. The price of EP ranged between $29.00 - $29.82. Volume is 18M in relation to the three month average volume of 9M shares. EP is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $16.30 and 52 week high is $30.86. Performance indicators show that the stock has gained 2.04% within the last week.

El Paso Corporation is an energy company, operates in the natural gas transmission and exploration and production sectors of the energy industry. Its purpose is to provide natural gas and related energy products in a safe, efficient and dependable manner.

Option Alerts    Technical Alerts    Market Movers    Candle Stick Alerts    Chart Patterns
You need to upgrade your Flash Player

Market Snapshot (05/22/2012)
  SPX 1316.68 0.69 0.05%
  DOW 12503.0 -1.50 -0.01%
  NASDAQ 2839.08 -8.13 -0.29%
  VIX 22.48 0.47 2.14%

:: Market Movers ::

:: Technical Alerts ::

:: Candle Stick Alerts ::

:: Chart Patterns ::

:: Options Advisory Center ::

:: Block Trades Review ::

:: Trade Flow Analysis ::