NEW YORK (AVAFIN) -- Technology Select Sector SPDR options contracts experienced a high put/call ratio during the last market session. The aggregate
volume of put contracts versus call contracts equated to 4.46. Specifically, 20,046 put and 4,494
call contracts exchanged hands yesterday.
Options can be used as predictors of stock behavior. Investors can use put/call ratios as
technical indicators to read for signs of institutional sentiment. The put/call ratios
offer insight to investors and can be used as either a direct or contrarian indicator
for trading decisions. Unusual volume provides reliable clues that the stock is expected
to make a move.
Technology Select Sector SPDR opened at $28.17 and the stock price declined $0.17 (0.60%)
to $28.04 during the market session. XLK is trading between the range of
$27.96 - $28.31. To date, the stock has lost -5.94% within the last quarter.
Volume is 11M in relation to the three month
average volume of 9M shares. XLK is trading below the 50
day moving average and higher than the 200 day moving average.