NEW YORK (AVAFIN) -- Options traders were heavily trading call contracts during the last trading session establishing a
new 3-month call volume record. A total of 4,166 put and 23,772 calls were traded where call
contracts outnumbered puts 5.7:1, yielding a 0.18 ratio.
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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.
Completion of expansion projects in the Mid-Continent and a supply of Bakken crude to the Washington refinery should increase Tesoro's throughput of discount domestic crude.
Additionaly, Oversupply in the Mid-Continent and on the Gulf Coast should result in discount light and heavy crude moving to California, benefiting Tesoro.
Tesoro Corporation is currently trading at $58.18, up $0.03 (+0.05%) in today's trading
session. The shares of the stock were trading between $56.26 and $59.29. Performance indicators show that the stock has gained 7.95% within the last quarter.
Todays's volume of 7M shares is greater than the average volume of 3M
shares. TSO is trading above the 50 day moving average and
higher than the 200 day moving average.
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