NEW YORK (AVAFIN) -- Trading of Qihoo 360 Technology Co. Ltd options resulted in establishing a new 90-day call volume record, where 8,382 call
contracts exchanged hands between the buyers and the sellers. A total of 3,656 put and 8,382
call contracts was traded raising a 0.44 put/call ratio on shares of QIHU
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A significant increase in the trading volume of a stock's option often is a precursor of movement
by the underlying stock. In such instances, put/call Ratio can be used as an investor sentiment
indicator, where a high ratio implies that the overall investor sentiment is bearish and a low
put/call ratio implies that the sentiment is bullish.
QIHU is trading above the 50 day moving average and higher than
the 200 day moving average. Qihoo 360 Technology Co. Ltd opened at $23.27 and the stock price rose $0.72 (+3.13%)
to $23.70 during the market session. QIHU is trading between the range of $22.99 - $23.76.
Performance indicators show that the stock has gained 0.17% within the last week.
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