Options Alert for Weatherford International (WFT)

Posted on 02/15/2013 by Allen Bersch

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NEW YORK (AVAFIN) -- A record number of Weatherford International call contracts were traded during the busy trading session. There were 3.5 call contracts traded for each put contract yielding a 0.28 put/call ratio where 5,537 put and 19,502 call contracts exchanged hands.

Put/Call ratio is often used to measure investment sentiment, the ratio serves as a predictor of investor behavior. Unusual options volume provides reliable clues that the stock is expected to make a move.

Weatherford International Ltd. is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.

WFT is trading above the 50 day moving average and higher than the 200 day moving average. Weatherford International opened at $13.27 and the stock price declined $0.35 (2.64%) to $12.89 during the market session. WFT is trading between the range of $12.84 - $13.31. To date, the stock has gained 12.11% within the last month.


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