Some interesting takes on housing market. RYL is down sharply today.
2. Real estate company the Ryland Group (NYSE: RYL, news, msgs) saw some notable options activity on Wednesday, as over 3,000 contracts were executed on the in-the-money August 50 put. All of these translated as new positions, making this the site of heaviest open interest in the back-month series. Volume took shape quickly, as one block of 3,000 contracts changed hands above the ask price during the first hour of the session. Schaeffer's put/call open interest ratio (SOIR) subsequently rose from 1.32 to 2.06, advancing to the 82nd percentile of all readings measured over the past 12 months. RYL has maintained a solid uptrend since late September, tripling in value between its September nadir and its May peak. Recently, the shares have retracted slightly and have now breached their 20-week moving averages for the first time since early October.
Click the following link to see the Weekly Chart of RYL since September 2001 with 10-Week and 20-Week Moving Averages: http://www.schaeffersresearch.com/
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