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 19,259 put and 58,293 calls were traded where call
contracts outnumbered puts 3.0:1, yielding a 0.33 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 GE closed at $26.22 during the previous session. During the session,
the stock hit a low of $26.02 and high of $26.28. The current trading volume of 34.92M is
less than average volume of 40.02M shares. GE is trading above
the 50 day moving average and higher than the 200 day moving average.
The stock's 52 week low is $21.11 and 52 week high is $28.09. Performance indicators show that the stock has gained 0.38% within the last quarter.