Examining Block Trading Activity & Unusual Options Volume for Biogen Idec (BIIB)

Posted on 01/29/2013 by Ella Gold

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NEW YORK (AVAFIN) -- Biogen Idec witnessed an unusual number of call and put contracts exchanging hands during the busy trading session versus the average 10-day contract volume . There were 1.2 call contracts traded for every put contract yielding a 0.86 put/call ratio.

Options can be used as predictors of stock behavior. Investors can use put/call ratios as technical indicators to read for signs of institutional sentiment. The put/call ratios offer insight to investors and can be used as either a direct or contrarian indicator for trading decisions. Unusual volume provides reliable clues that the stock is expected to make a move.

The last trading session witnessed a low of $149.63 and high of $154.96 during the day. Shares of Biogen Idec gained $3.93 (+2.62%) to $153.92. The current trading volume of 2M is greater than average volume of 1M shares. The stock's 52 week low is $114.53 and 52 week high is $157.18. Within the last month, shares of BIIB have gained 5.58% of their value.


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