NEW YORK (AVAFIN) -- SunPower Corporation options contracts experienced a new 3-month record for both call and put contracts where a
total of 18,351 call and 5,799 put contracts were traded in the busy trading session. The contract
spread yielded a 0.32 put/call ratio.
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Put/Call ratio can be regarded as a predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying equity. A high put/call ratio
suggests that the investor sentiment is bearish and that investors are expecting the underlying
stock price to decrease. On the other hand, a low put/call ratio implies that the investor
sentiment is bullish and that investors are expecting the underlying stock price to increase.
Thus, unusual volume provides reliable clues that the stock is expected to make a move.
Shares of SunPower Corporation edged up $2.94 (+47.96%) to $9.07. The price of the stock ranged
between a low of $7.08 and $9.09 respectively. The trading volume of 22M is above
the 90 day average volume of 845M shares. The technical momentum Relative Strength Index indicator shows overbought conditions. SPWR is trading above the 50
day moving average. The stock's 52 week low is $3.71 and 52 week high is $9.54. To date, the stock has gained 12.89% within the last week.