NEW YORK (AVAFIN) -- General Motors Company 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 13,840 and calls
was 4,400 equating to a 3.15 put/call ratio.
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A significant increase in the trading volume of a stock's option often is a precursor of movement
by the underlying stock. In such instances, put/call Ratio can be used as an investor sentiment
indicator, where a high ratio implies that the overall investor sentiment is bearish and a low
put/call ratio implies that the sentiment is bullish.
On the volume side, 6M shares were traded which is less
than the average volume. General Motors Company is trading above the 50 day
moving average and higher than the 200 day moving average.
Shares of GM opened today at $27.95 and settled the day down $0.21 to $27.96
during the session. The day's trading range is between $27.88 and $28.20 respectively.
To date, the stock has gained 10.47% within the last quarter.
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