NEW YORK (AVAFIN) -- Options traders were heavily trading call contracts during the last trading session establishing a
new 3-month call volume record. A total of 5,791 put and 6,285 calls were traded where call
contracts outnumbered puts 1.1:1, yielding a 0.92 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.
Symantec Corporation opened at $0.00 and the stock price declined $0.59 (3.96%)
to $14.44 during the market session. SYMC is trading between the range of
$14.40 - $15.09. Performance indicators show that the stock has lost -20.66% within the last quarter.
Volume is 9M in relation to the three month
average volume of 7M shares. SYMC is trading below the 50
day moving average and lower than the 200 day moving average.