• Return to Headlines

Option Pros Betting for a Big Move in Harry Winston Diamond (HWD)

Written on Mon, 07/26/2010 - 7:31am
By Chip Brian

Shares of Harry Winston Diamond (NYSE:HWD) traded 10.1% lower Friday, closing at $12.58. The stock has been drifting lower over the past nine trading days but is currently trading in a technical uptrend.
The call volume Friday was 208 contracts, which is 16x the average daily volume of 13. The put volume was 24 contracts, which is 24x the average daily volume of 1. Heavy volume in both puts and calls suggests that traders are expecting a big move but are unsure of direction.
SmarTrend's analytics is currently bullish and has Harry Winston Diamond in a technical uptrend. We are now watching for any positive developments that could result in a new uptrend signal.

Keywords: harry winston diamond unusual option volume

Ticker(s): HWD

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.