Tuesday, August 10, 2010

Daily Options Trading for Tessera Technologies Inc.- Aug 10,2010 (TSRA)

This is from the web:
http://www.marketintellisearch.com/articles/1037607.html

NEW YORK (Market Intellisearch) -- Unusual volume of put contracts was traded today. There were 3,080 puts contracts versus the ten day average volume of 773. On the calls side, 309 calls contracts were traded. Today's traded Put/Call ratio is 9.97. There were 9.97 puts traded for each call contract.

The following alerts were raised:
- Unusual Put Volume
- High Put/Call Ratio

Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of investor behavior. A high Put/Call ratio suggests that the investor sentiment is bearish and that investors expect the underlying stock to decrease in value. In contrast, a low Put/Call ratio suggests that the investor sentiment is bullish and that the underlying stock is expected to increase in value. Unusual volume provides reliable clues that the stock is expected to make a move.

Tessera Technologies Inc. closed at $16.87 in the last trading session and opened today at $16.85. The stock price declined $0.06 (-0.36%) to $16.81 in today's trading session. TSRA is trading between the range of $16.74 - $17.00. Volume is 443,720 in relation to the three month average volume of 584,465 shares. TSRA is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $15.17 and 52 week high is $32.17.

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