Options Players Wage on Hess Corporation (HES)

Posted on 04/01/2013 by Rich Singler

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NEW YORK (AVAFIN) -- A low put/call ratio alert was raised on shares of Hess Corporation as evident during the last trading session. Aggregate volume of puts was 4,307 and calls were 22,308 yielding a 0.19 put/call ratio. The increased volume of call contracts surpassed put contracts 5.2:1 ratio.

Put/Call ratio can be regarded as a predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying equity. A high put/call ratio suggests that the investor sentiment is bearish and that investors are expecting the underlying stock price to decrease. On the other hand, a low put/call ratio implies that the investor sentiment is bullish and that investors are expecting the underlying stock price to increase. Thus, unusual volume provides reliable clues that the stock is expected to make a move.

Shares of HES closed at $73.54 during the previous session. During the session, the stock hit a low of $71.36 and high of $74.48. The current trading volume of 4M is greater than average volume of 4M shares. HES is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $39.67 and 52 week high is $72.63. To date, the stock has gained 37.05% within the last quarter.


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