NEW YORK (AVAFIN) -- Trading of American International Group options resulted in establishing a new 90-day call volume record, where 22,134 call
contracts exchanged hands between the buyers and the sellers. A total of 6,026 put and 22,134
call contracts was traded raising a 0.27 put/call ratio on shares of AIG
Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio
statistics serve as a useful predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying stock. Thus, unusual volume
provides reliable clues that the stock is expected to make a move.
AIG is still one of the largest insurance and financial services firms in the world, even after disposing of its Asian insurance subsidiaries. It operates through a wide range of subsidiaries that provide general insurance, life insurance, and other financial services. The government has started selling its shares in 2011, and ownership will eventually be returned to common equity shareholders.
American International Group is trading at $38.44, up $0.74 (+1.96%) in today's trading session.
The daily low is $37.95 and the high is $38.53. The trading volume of 11M is below
the average volume of 17M shares. AIG is trading above the 50 day moving
average and higher than the 200 day moving
average. The stock's 52 week low is $27.18 and 52 week high is $39.90. To date, the stock has lost -2.33% within the last week.