A Closer Look at Today's Options Activity for Alcoa (AA)

Posted on 01/22/2013 by Jane Lacave

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NEW YORK (AVAFIN) -- Alcoa options set a new 90-day record for the number of call contracts that exchanged hands between the buyers and the sellers. Aggregate volume of puts was 9,101 and calls was 31,187 equating to a 0.29 put/call ratio.

Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of investor behavior. A high put/call ratio suggests that the investor sentiment is bearish and that investors expect the underlying stock to decrease in value. In contrast, a low put/call ratio suggests that the investor sentiment is bullish and that the underlying stock is expected to increase in value. Unusual volume provides reliable clues that the stock is expected to make a move.

Alcoa (AA) opened today at $9.03 and is currently trading at $9.20, up $0.20 (+2.22%) during last trading session. To date, the stock has gained 1.01% within the last month. The daily low is $8.96 and the high is $9.22. The trading volume of 22M is above the average volume of 16M shares. AA is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $7.97 and 52 week high is $10.92. The stock has a P/E ratio of 50.28 and a dividend yield of 1.33%.

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