Trade Flow Report for IMAX Corporation (IMAX)

Posted on 06/13/2012 by Allen Bersch


NEW YORK (AVAFIN) -- A record number of IMAX Corporation call contracts were traded during the busy trading session. There were 8.1 call contracts traded for each put contract yielding a 0.12 put/call ratio where 4,852 put and 39,461 call contracts exchanged hands.

Put/Call ratio is often used to measure investment sentiment, the ratio serves as a predictor of investor behavior. Unusual options volume provides reliable clues that the stock is expected to make a move.

Large theater chains such as Cinemark and AMC have developed alternative proprietary technologies to compete with IMAX, and large chains have enhanced their leverage in negotiating future contracts with IMAX with the threat of using their own technologies. Additionaly, IMAX is overvalued, with the stock trading at near 30 times the current year's recurring earnings, and with the current valuation implying an expansion in the number of IMAX theaters to 1,700, compared with management's estimated market size of 1,300 theaters.

IMAX Corporation (IMAX) opened today at $21.62 and is currently trading at $21.07, down $0.67 (3.08%) during last trading session. Within the last quarter, the shares have lost -18.02% of their value. The daily low is $21.05 and the high is $21.85. The trading volume of 1M is above the average volume of 1M shares.

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