April 31's are pretty far out of the money. I have some and have pretty much written them off. My guess is that any hedgie willing to spend over half a million on calls here has some coin to buy some shares up the next few weeks to drive the price up--wouldn't hurt my feelings.
NEW YORK (AVAFIN) -- Lions Gate Entertainment options contracts experienced a new 90-day record for call contracts where a total of 35,457 call contracts were traded in the busy trading session. The contract spread yielded a 0.16 put/call ratio where 6.4 call contracts were traded for each put contract.
The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.
Shares of Lions Gate Entertainment slipped $0.84 (3.23%) to $25.20. The last trading session witnessed a low of $24.54 and high of $26.37 during the day. The current trading volume of 6.29M is greater than average volume of 2.69M shares. LGF is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $22.25 and 52 week high is $37.81.