ARIA- options trading went a little crazy as well:
NEW YORK (AVAFIN) -- Options traders were heavily trading options contracts signaling an alert for shares of Ariad Pharmaceuticals. A total of 3,911 put and 15,293 calls were traded equating to a 0.26 put/call ratio.
Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio statistics serve as a useful predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying stock. Thus, unusual volume provides reliable clues that the stock is expected to make a move.
Shares of Ariad Pharmaceuticals closed at $5.88, up $0.78 (15.29%) in the last trading session. Today's volume of 23.93M shares is greater than the average volume of 7.66M shares.The technical momentum Relative Strength Index indicator shows oversold conditions. ARIA is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $2.15 and 52 week high is $23.00.
