Unusual volume of call contracts was traded today. There were 1,064 call contracts traded compared to the ten day average volume of 332 contracts. On the put side, 402 put contracts exchanged hands. Today's traded Put/Call ratio is 0.38. There were 2.65 calls traded for each put contract.
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 the overall investor sentiment is bullish based on the large amount of call options.
Shares of ACH closed at $22.68 in the previous trading session and opened today at $23.55. Aluminum Corporation Of China Limited settled the day up $1.33 to $24.01 in the trading session. The day's trading range is between $23.33 and $24.01 respectively. On the volume side, 506,644 shares were traded which is greater than the average volume of 447,083 shares. ACH is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $18.03 and 52 week high is $34.27.