|Day Low/High||0.99 / 1.04|
|52 Wk Low/High||0.76 / 3.55|
Investors in Pacific Ethanol Inc saw new options become available this week, for the January 2019 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 228 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
The most recent short interest data was recently released for the 02/15/2018 settlement date, and Pacific Ethanol Inc is one of the most shorted stocks of the Russell 3000, based on 6.63 "days to cover" versus the median component at 3.69. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Pacific Ethanol Inc , where a total volume of 2,116 contracts has been traded thus far today, a contract volume which is representative of approximately 211,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 65.9% of PEIX's average daily trading volume over the past month, of 321,110 shares.
Achieved record total gallons and production gallons sold, reflecting the impact of the ICP acquisition in the third quarter 2017
Investors eyeing a purchase of Pacific Ethanol Inc shares, but tentative about paying the going market price of $4.75/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2018 put at the $4 strike, which has a bid at the time of this writing of 35 cents.
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Investors in Pacific Ethanol Inc saw new options become available today, for the September 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the PEIX options chain for the new September 15th contracts and identified one put and one call contract of particular interest.
Management to hold an investor conference call today at 1:30pm PT/4:30pm ET
In trading on Wednesday, shares of Pacific Ethanol Inc entered into oversold territory, changing hands as low as $5.625 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
Investors considering a purchase of Pacific Ethanol Inc stock, but tentative about paying the going market price of $6.80/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $5 strike, which has a bid at the time of this writing of 30 cents.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Pacific Ethanol Inc , where a total volume of 1,931 contracts has been traded thus far today, a contract volume which is representative of approximately 193,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.6% of PEIX's average daily trading volume over the past month, of 464,510 shares.
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