Options Trader Alert for J. C. Penney Company

Posted on 04/26/2013 by Allen Bersch

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NEW YORK (AVAFIN) -- J. C. Penney Company options contracts experienced remarkable call activity during the last trading session. There were 2.0 calls traded for each put contract yielding a 0.51 put/call ratio. Specifically, 119,844 put and 236,998 call contracts were traded.

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.

J. C. Penney Company, Inc. is a holding company, whose business consists of selling merchandise and services to consumers through its department stores and Direct (Internet/catalog) channels.

J.C. Penney's cash flow and liquidity are sufficient to pull it through even current tough times. Additionaly, As new merchandise bought under new leadership flows in throughout 2013, sales and margins will improve.

J. C. Penney Company settled the day up $1.76 to $17.00 in the previous trading session. Today's trading range was between $15.86 and $17.58 respectively. On the volume side, 56M shares were traded, which is greater than the average volume of 17M shares. JCP is trading above the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $13.55 and 52 week high is $36.89. Within the last week, the shares have gained 0.53% of their value.

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