NEW YORK (AVAFIN) -- The Scotts Miracle-Gro Company options set a new 90-day record for the number of contracts that exchanged hands between
the buyers and the sellers on both the call and put side. Aggregate volume of puts was 3,661 and
calls were 3,142 equating to a 1.17 put/call ratio.
Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of
investor behavior. A high put/call ratio suggests that the investor sentiment is bearish and
that investors expect the underlying stock to decrease in value. In contrast, a low put/call
ratio suggests that the investor sentiment is bullish and that the underlying stock is expected
to increase in value. Unusual volume provides reliable clues that the stock is expected to
make a move.
The Scotts Miracle Gro Co is engaged in the marketing and sale of branded products for consumer lawn and garden care.
The Scotts Miracle-Gro Company opened at $35.75 and the stock price declined $2.84 (6.60%)
to $40.21 during the market session. SMG is trading between the range of
$35.49 - $40.85. Performance indicators show that the stock has lost -21.16% within the last quarter.
Volume is 8M in relation to the three month
average volume of 589M shares. SMG is trading below the 50
day moving average and lower than the 200 day moving average.