Iron Mountain Inc (NYSE:IRM) Extremely High Put/Call Ratio.
By George Zabel
October 26, 2009 11:54 AM
October 26, 2009 11:54 AM
Iron Mountain Inc (NYSE: IRM) Extremely High Put/Call Ratio.
Iron Mountain Inc (IRM) trading at $26.29 today, appears to have an unusually high put/call ratio of over 120. Stocks with extreme Put/Call ratios are actually considered bullish most of the time but not always.
The idea is simply that this huge volume is created by amateur option traders who are usually wrong in the end, it’s only a contrarian indicator. Certainly Put/Call extremes alone, are not useful but can get the attention of experienced analysts to take a closer look under the hood. IRM here appears to be as much bullish as it can be bearish from a technical perspective, And considering broader market status I would be affraid to speculate on the drop of this stock.
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