Activity Alert for Rio Tinto

Posted on 06/18/2012 by Edward Connelly


NEW YORK (AVAFIN) -- Trading of Rio Tinto options resulted in establishing a new 90-day call volume record, where 3,256 call contracts exchanged hands between the buyers and the sellers. A total of 5,317 put and 3,256 call contracts was traded raising a 1.63 put/call ratio on shares of RIO

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The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.

Rio Tinto is one of the direct beneficiaries of the increasing appetite for natural resources in China. Additionaly, Rio's cash flow base is diversified, and the company is less susceptible to the vagaries of the market than single-commodity producers are.

Shares of Rio Tinto settled at $46.86, up $0.52 (+1.12%) in the last trading session. The shares of the stock had an intraday low of $46.02 and high of $46.99. Performance indicators show that the stock has lost -18.01% within the last quarter. The stock's 52 week low is $40.50 and 52 week high is $74.00.

Market Snapshot (06/18/2012)
  SPX 1345.63 2.79 0.21%
  DOW 12749.8 -17.40 -0.14%
  NASDAQ 2895.33 22.53 0.78%
  VIX 18.24 -2.87 -13.60%

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