NEW YORK (AVAFIN) -- Trading of Nucor Corporation options resulted in establishing a new 90-day call volume record, where 9,432 call
contracts exchanged hands between the buyers and the sellers. A total of 3,537 put and 9,432
call contracts was traded raising a 0.38 put/call ratio on shares of NUE
The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation
of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a
stock move is imminent.
The last trading session witnessed a low of $43.09 and high of $43.62 during the day. Shares of Nucor Corporation
slipped $0.45 (1.02%) to $43.52. The current trading volume of 3M is greater
than average volume of 2M shares. The technical momentum Relative Strength Index indicator shows overbought conditions. The stock's 52 week low is $34.23 and 52 week high is $45.75. Performance indicators show that the stock has gained 12.17% within the last quarter.
