Options Trader Alert for Georgia Gulf

Posted on 01/08/2013 by Norm Sorkin

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NEW YORK (AVAFIN) -- Georgia Gulf options contracts experienced a new 3-month record for both call and put contracts where a total of 13,864 call and 10,596 put contracts were traded in the busy trading session. The contract spread yielded a 0.76 put/call ratio.

Investors use options to manage risk and to speculate on price changes. Options can provide significant leverage if the stock moves in the right direction but aslo end up worthless if it doesn't.

GGC is trading above the 50 day moving average and higher than the 200 day moving average. Georgia Gulf opened at $43.46 and the stock price rose $1.34 (+3.08%) to $44.80 during the market session. GGC is trading between the range of $43.46 - $45.42. Within the last week, the shares have gained 8.43% of their value.

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Georgia Gulf Corporation is a North American manufacturer and international marketer of two integrated chemical product lines, chlorovinyls and aromatics.


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