ERHC Energy Inc (ERHE)

[Southern Man]

Interesting Options Volume for China Petroleum & Chemical Corp. (SNP)
Posted on 03/03/2010

SNP options saw interesting call activity today. A total of 623 put and 6,701 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.09. There were 10.76 calls traded for each put contract.

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.

China Petroleum & Chemical Corp. (SNP) closed at $79.08 in the last trading session and opened today at $79.21. SNP is trading at $80.23, up $1.15 (+1.45%) in today's trading session. The daily low is $79.21 and the high is $80.60. The trading volume of 443,893 is above the average volume of 277,841 shares. SNP is trading below the 50 day moving average and lower than the 200 day moving average. China Petroleum & Chemical Corp. has earnings per share of $0.00. The stock's 52 week low is $46.45 and 52 week high is $94.00.

Sasha Gelf
Options Analytics Group
[e-mail]