NEW YORK (AVAFIN) -- Seagate Technology PLC options set a new 90-day record for the number of call contracts that exchanged
hands between the buyers and the sellers. Aggregate volume of puts was 5,809 and calls
was 78,508 equating to a 0.07 put/call ratio.
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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.
Seagate Technology PLC (STX) opened today at $29.41 and is currently trading at $29.61, up $0.29 (+0.99%) during
last trading session. To date, the stock has gained 7.28% within the last week.
The daily low is $29.37 and the high is $29.92. The trading volume
of 7M is below the average volume of 10M shares.
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