NEW YORK (AVAFIN) -- Options traders were heavily trading call contracts during the last trading session establishing a
new 3-month call volume record. A total of 17,766 put and 5,093 calls were traded where call
contracts outnumbered puts 0.3:1, yielding a 3.49 ratio.
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 BP edged up $0.25 (+0.56%) to $44.77. The price of the stock ranged
between a low of $44.48 and $44.96 respectively. The trading volume of 4M is below
the 90 day average volume of 5M shares. BP is trading above the 50
day moving average. The stock's 52 week low is $36.25 and 52 week high is $48.34. Within the last week, the shares have gained 0.93% of their value.
The stock has a P/E ratio of 8.06 and a dividend yield of 4.45%.
