Deep Dive Into Today's Trading Activity for Western Digital (WDC)

Posted on 06/13/2012 by Rich Singler


NEW YORK (AVAFIN) -- Today's WDC options volume was higher than the average 10-day volume on both the call and put side. Aggregate volume of puts was 29,109 and calls was 58,146 equating to a 0.50 put/call ratio.

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The ratio skew implies that investors are hedging their positions in anticipation of a stock move. Today's unusual volume activity confirms that traders are re-balancing their portfolios.

On the volume side, 2M shares were traded which is less than the average volume. Western Digital is trading below the 50 day moving average and lower than the 200 day moving average. Shares of WDC opened today at $30.52 and settled the day down $0.20 to $30.34 during the session. The day's trading range is between $30.19 and $31.19 respectively. Performance indicators show that the stock has lost -1.94% within the last week.

Market Snapshot (06/13/2012)
  SPX 1314.59 -9.59 -0.72%
  DOW 12493.3 -80.50 -0.64%
  NASDAQ 2818.61 -24.46 -0.86%
  VIX 24.26 2.17 9.82%

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