Options Highlights for Seagate Technology PLC (STX)

Posted on 01/09/2013 by Jane Lacave

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NEW YORK (AVAFIN) -- Options traders were heavily trading options contracts during the market session establishing a new 3-month volume record for shares of Seagate Technology PLC. A total of 46,395 put and 46,927 calls were traded equating to a 0.99 put/call ratio.

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 Seagate Technology PLC edged up $2.09 (+6.64%) to $33.48. The price of the stock ranged between a low of $31.95 and $33.50 respectively. The trading volume of 17M is above the 90 day average volume of 8M shares. STX is trading above the 50 day moving average. The stock's 52 week low is $18.39 and 52 week high is $35.71. To date, the stock has gained 11.47% within the last month. The stock has a P/E ratio of 4.13 and a dividend yield of 4.84%.

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Seagate Technology PLC is a provider of hard disk drives. It designs, manufactures, markets and sells hard disk drives. It produces a range of disk drive products addressing enterprise applications.

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