Highlights on Options Trading for InterOil Corporation (IOC)

Posted on 06/18/2012 by Jane Lacave


NEW YORK (AVAFIN) -- Trading of InterOil Corporation options resulted in establishing a new 90-day call volume record, where 9,717 call contracts exchanged hands between the buyers and the sellers. A total of 3,006 put and 9,717 call contracts was traded raising a 0.31 put/call ratio on shares of IOC

Unusual volume provides reliable clues that the stock is expected to make a move. Investors can use the put/call ratio statistics to measure trader sentiment. A high put/call ratio suggests that the overall investment sentiment is bearish and that investors expect the underlying stock to decrease in value. Conversely, a low put/call ratio implies that investor sentiment is bullish based on the large amount of call options.

Shares of IOC opened today at $61.75 and settled the day up $5.58 to $66.44 during the session. The day's trading range is between $61.55 and $66.50 respectively. Performance indicators show that the stock has gained 14.47% within the last week. On the volume side, 1M shares were traded which is greater than the average volume of 751M shares. InterOil Corporation is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $31.18 and 52 week high is $75.87.

Market Snapshot (06/18/2012)
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