NEW YORK (AVAFIN) -- Trading of Check Point Software Technologies options resulted in establishing a new 90-day call volume record, where 5,650 call
contracts exchanged hands between the buyers and the sellers. A total of 4,995 put and 5,650
call contracts was traded raising a 0.88 put/call ratio on shares of CHKP
Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of
investor behavior. A high put/call ratio suggests that the investor sentiment is bearish and
that investors expect the underlying stock to decrease in value. In contrast, a low put/call
ratio suggests that the investor sentiment is bullish and that the underlying stock is expected
to increase in value. Unusual volume provides reliable clues that the stock is expected to
make a move.
Check Point Software Technologies opened at $48.89 and the stock price rose $1.91 (+3.93%)
to $50.55 in the last trading session. CHKP is trading between the range of
$48.36 - $51.06. Performance indicators show that the stock has lost -6.54% within the last month.