A Closer Look at Today's Options Activity for O'Reilly Automotive

Posted on 04/03/2013 by Allen Bersch

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NEW YORK (AVAFIN) -- Trading of O'Reilly Automotive options resulted in establishing a new 90-day call volume record, where 5,032 call contracts exchanged hands between the buyers and the sellers. A total of 3,056 put and 5,032 call contracts was traded raising a 0.61 put/call ratio on shares of ORLY

The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.

Revenue and profit gains have recently been driven by hard part sales, which are infrequent purchases that may quickly go away once the surge in demand declines. Additionaly, Record high profit levels among auto part retailers in recent years may diminish as industry participants return cost savings back to the consumer.

ORLY is trading above the 50 day moving average and higher than the 200 day moving average. O'Reilly Automotive opened at $104.29 and the stock price declined $0.90 (0.86%) to $103.48 during the market session. ORLY is trading between the range of $103.21 - $104.63. Within the last month, shares of ORLY have gained 18.48% of their value.

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