NEW YORK (AVAFIN) -- Trading of China Mobile options resulted in establishing a new 90-day call volume record, where 4,517 call
contracts exchanged hands between the buyers and the sellers. A total of 3,042 put and 4,517
call contracts was traded raising a 0.67 put/call ratio on shares of CHL
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Unusual volume provides reliable clues that the stock is expected to make a move. Investors
can use the put/call ratio statistics to measure trader sentiment. A high put/call ratio
suggests that the overall investment sentiment is bearish and that investors expect the
underlying stock to decrease in value. Conversely, a low put/call ratio implies that
investor sentiment is bullish based on the large amount of call options.
The last trading session witnessed a low of $48.82 and high of $49.69 during the day. Shares of China Mobile
gained $1.76 (+3.69%) to $49.50. The current trading volume of 1M is greater
than average volume of 636M shares. The technical momentum Relative Strength Index indicator shows oversold conditions. The stock's 52 week low is $47.74 and 52 week high is $59.73. Within the last week, the shares have lost -4.42% of their value.
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