NEW YORK (AVAFIN) -- The number of put contracts heavily outweighed the number of call contracts during the last session. A high
put/call ratio alert was raised on shares of iShares Dow Jones US Real Estate where a total of 13,878 put and 3,218 call contracts
exchanged hands.
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.
Shares of IYR closed at $68.28 during the previous session. During the session,
the stock hit a low of $68.06 and high of $68.31. The current trading volume of 4M is
less than average volume of 9M shares. IYR is trading above
the 50 day moving average and higher than the 200 day moving average.
The technical momentum Relative Strength Index indicator shows overbought conditions. The stock's 52 week low is $58.88 and 52 week high is $68.30. To date, the stock has gained 7.98% within the last quarter.
