NEW YORK (AVAFIN) -- The number of call contracts heavily outweighed the number of put contracts during today's session. A low
put/call ratio alert was raised on shares of SPDR S&P Oil & Gas Exploration & Prod where a total of 10,372 put and 42,721 call contracts
Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio
statistics serve as a useful predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying stock. Thus, unusual volume
provides reliable clues that the stock is expected to make a move.
Shares of SPDR S&P Oil & Gas Exploration & Prod closed at $50.37, up $1.93 (+3.98%) in the last trading session.
Today's volume of 5M shares is greater than the average volume of 5M
shares. XOP is trading above the 50 day moving average and lower
than the 200 day moving average. The stock's 52 week low is $37.67 and 52 week high is $65.58.