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Cliffs Natural Resources Inc. Message Board

  • dragon50_ca dragon50_ca Oct 31, 2013 5:14 PM Flag

    CLF call options trading report - Oct 31

    For any technical and chart experts in this forum, here is a report article today from avafinDOTcom:

    "Trading of Cliffs Natural Resources options resulted in establishing a new 90-day call volume record, where 20,998 call contracts exchanged hands between the buyers and the sellers.
    A total of 5,912 put and 20,998 call contracts was traded raising a 0.28 put/call ratio on shares of CLF
    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.
    CLF is trading above the 50 day moving average and higher than the 200 day moving average.
    Shares of Cliffs Natural Resources closed at $25.68, up $0.49 (+1.95%) in the last trading session.
    Today's volume of 6M shares is less than the average volume of 7M shares."

    Sentiment: Strong Buy

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7.49-1.10(-12.81%)Jan 23 4:05 PMEST

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