Options Update for Teva Pharmaceutical Industries

Posted on 06/15/2012 by Tom Kaplan


NEW YORK (AVAFIN) -- Teva Pharmaceutical Industries options contracts experienced unusual call volume today. The average ten day call volume is 6,521. However, intraday call volume was 1.4x times greater than usual. Call volume outnumbered put contracts at a ratio of 1.4:1 where a total of 37,563 call and 26,047 put contracts were traded yielding 0.69 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.

Teva faces considerable competition from low-cost producers in India and China. Aggressive entry pricing could weaken Teva's dominant market position. Additionaly, Government-mandated price cuts from austerity measures, particularly in Europe, could offset increases in generic drug utilization.

Shares of TEVA closed at $37.87 during the previous session. During the session, the stock hit a low of $37.42 and high of $38.50. The current trading volume of 7M is greater than average volume of 4M shares. TEVA is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $35.00 and 52 week high is $49.72. Performance indicators show that the stock has lost -4.71% within the last month.

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