Highlights on Options & Block Trading Activity for Altera

Posted on 06/21/2012 by Ella Gold

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NEW YORK (AVAFIN) -- Altera options established a new 90-day record for traded call and put contracts. A total of 5,359 put and 5,017 call contracts were traded raising a 1.07 put/call ratio on shares of ALTR

Options can be used as predictors of stock behavior. Investors can use put/call ratios as technical indicators to read for signs of institutional sentiment. The put/call ratios offer insight to investors and can be used as either a direct or contrarian indicator for trading decisions. Unusual volume provides reliable clues that the stock is expected to make a move.

Strong underwriting is essential to MCOs' profitability, and Aetna underperformed peers in the recent cyclical downturn. When the firm fails to raise premiums in line with medical costs, margins deteriorate. Additionaly, With consumers demanding access to more and better health care, and employers and regulators pushing for cost containment, managed-care companies could get caught in the middle.

On the volume side, 2M shares were traded which is less than the average volume. Altera is trading below the 50 day moving average and lower than the 200 day moving average. Shares of ALTR opened today at $34.39 and settled the day down $1.46 to $32.85 during the session. The day's trading range is between $32.79 and $34.46 respectively. To date, the stock has lost -2.46% within the last month.


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