Unusual volume of put contracts was traded today. There were 7,667 puts contracts versus the ten day average volume of 689. On the calls side, 3,484 calls contracts were traded. Today's traded Put/Call ratio is 2.20.
Put/Call ratio can be regarded as an investor sentiment indicator. A high Put/Call ratio suggests that the investor sentiment is bearish and that investors are expecting the underlying stock price to decrease. Conversely, a low Put/Call ratio implies that the investor sentiment is bullish and that investors are expecting the underlying stock price to increase.
Shares of Goodyear Tire & Rubber edged down $0.69 (-5.17%) to $13.03. The stock closed yesterday at $13.74 and opened today at $13.52. The price of the stock ranged between a low of $12.97 and $13.52 respectively. The stock price declined $0.69 (-5.17%) to $13.03 in today's trading session. The trading volume of 2,020,131 is bellow the 90 day average volume of 3,699,640 shares. GT is trading bellow the 50 day moving average. Goodyear Tire & Rubber has earnings per share of $-3.37. The stock's 52 week low is $3.17 and 52 week high is $18.84.
by Leo Goldman
(Source:marketintellisearch.com)
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