HSN options saw high put activity today. A total of 1,366 put and 108 call contracts were traded raising a high Put/Call volume alert. Today's traded Put/Call ratio is 12.65. There were 12.65 puts traded for each call contract.
Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of investor behavior. A high Put/Call ratio suggests that the investor sentiment is bearish and that investors expect the underlying stock to decrease in value. In contrast, a low Put/Call ratio suggests that the investor sentiment is bullish and that the underlying stock is expected to increase in value. Unusual volume provides reliable clues that the stock is expected to make a move.
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