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 7,427 put and 7,218 calls were traded where call
contracts outnumbered puts 1.0:1, yielding a 1.03 ratio.
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.
Symantec Corporation opened at $14.16 and the stock price declined $0.28 (1.98%)
to $13.89 in the last trading session. SYMC is trading between the range of
$13.71 - $14.16. To date, the stock has lost -22.78% within the last quarter.