NEW YORK (AVAFIN) -- Options traders were heavily trading options contracts during the market session
establishing a new 3-month volume record for shares of Peabody Energy. A total of 17,183 put and
12,899 calls were traded equating to a 1.33 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.
The trading volume of 9M is above the 90 day average volume of 6M shares.
Shares of Peabody Energy edged down $0.94 (3.84%) to $23.51. The price of the stock ranged
between a low of $23.38 and $24.36 respectively.
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