NEW YORK (AVAFIN) -- A record number of Arch Coal call contracts were traded during the busy trading session. There
were 4.1 call contracts traded for each put contract yielding a 0.25 put/call ratio
where 3,166 put and 12,912 call contracts exchanged hands.
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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.
ACI is trading below the 50 day moving average and lower
than the 200 day moving average. Shares of Arch Coal closed at $7.03, down $0.33 (4.48%)
in the last trading session. Today's volume of 11M shares is less than the
average volume of 15M shares.
Arch Coal, Inc. is a coal producer in the United States, which sells coal to power plants, steel mills and industrial facilities.