NEW YORK (AVAFIN) -- Options traders were
heavily trading options contracts during the market session establishing a new
3-month volume record for shares of Level 3 Communications. A total of 15,140
put and 5,308 calls were traded equating to a 2.85 put/call ratio.
ratio skew implies that investors are hedging their positions in anticipation of
a stock move. Today's unusual volume activity confirms that traders are
re-balancing their portfolios.
LVLT is trading below the 50 day
moving average and higher than the 200 day moving average. Shares of Level 3
Communications closed at $22.15, up $0.99 (+4.68%) in the last trading session.
Today's volume of 1M shares is less than the average volume of 2M shares.