NEW YORK (AVAFIN) -- Trading of Patriot Coal Corporation options resulted in establishing a new 90-day call volume record, where 19,393 call contracts exchanged hands between the buyers and the sellers. A total of 9,896 put and 19,393 call contracts was traded raising a 0.51 put/call ratio on shares of PCX
Investors use options to manage risk and to speculate on price changes. Options can provide significant leverage if the stock moves in the right direction but aslo end up worthless if it doesn't.
Patriot Coal Corporation is trading at $1.84, up $0.46 (+33.33%) in today's trading session. The daily low is $1.41 and the high is $1.86. The trading volume of 17M is above the average volume of 9M shares. PCX is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $1.02 and 52 week high is $24.99. To date, the stock has lost -77.27% within the last quarter.
Everything I post is based on my opinion only. Do not buy or sell based on anything I post. Do your own DD.
