Hewlett-Packard Registering Gains, Big Call Volume (HPQ)

Shares of Hewlett-Packard HPQ have been devastated in the wake of CEO Mark Hurd's unexpected resignation. Prior to the announcement, the stock was trading in the +$46 range. During today's trading session, HPQ has gained 1.52% to $40.75. The stock's valuation looks very cheap. It is trading at a trailing P/E of 11.58, a forward P/E of 8.21 and a PEG ratio of 0.95. Now may be a good time to get into this blue-chip technology stock. It appears that some traders are betting on upside in HPQ going forward. During today's trading session, call volume has far surpassed put volume in the options market. Hewlett-Packard Company (HP) is a global provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises, including customers in the government, health and education sectors. See Some of the Top Moving Indexes Here.