Mellanox Technologies - Options Insight

Posted on 01/23/2013 by Edward Connelly

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NEW YORK (AVAFIN) -- Mellanox Technologies 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 13,818 and calls was 17,430 equating to a 0.79 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.

Mellanox Technologies (MLNX) opened today at $48.42 and is currently trading at $51.69, up $3.61 (+7.51%) during last trading session. To date, the stock has lost -4.81% within the last week. The daily low is $47.50 and the high is $52.00. The trading volume of 3M is above the average volume of 1M shares. MLNX is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $30.55 and 52 week high is $120.05.


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