Institutional Trading Alert for Symantec Corporation

Posted on 06/14/2012 by Norm Sorkin

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NEW YORK (AVAFIN) -- A record number of Symantec Corporation call contracts were traded during the busy trading session. There were 1.2 call contracts traded for each put contract yielding a 0.85 put/call ratio where 4,145 put and 4,859 call contracts exchanged hands.

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.

Shares of Symantec Corporation closed at $14.56, up $0.26 (+1.82%) in the last trading session. Today's volume of 6M shares is less than the average volume of 7M shares. SYMC is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $14.23 and 52 week high is $20.00.


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Market Snapshot (06/14/2012)
  SPX 1329.33 14.45 1.10%
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