NEW YORK (AVAFIN) -- A total of 160,232 call and 12,060 put contracts were traded raising a low put/call volume alert for Consumer Staples Select Sector SPDR.
There were 13.3 calls traded for each put contract yielding a 0.08 put/call ratio.
Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio
statistics serve as a useful predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying stock. Thus, unusual volume
provides reliable clues that the stock is expected to make a move.
The trading volume of 7M is above the 90 day average volume of 5M shares.
Shares of Consumer Staples Select Sector SPDR edged up $0.47 (+1.37%) to $34.51. The price of the stock ranged
between a low of $34.10 and $34.62 respectively.