Options Trades Give Mixed Signals for Prologis (PLD)

Shares of Prologis

are higher on the session by 0.09%, currently trading at $11.12. The stock has been drifting lower and lower over the past six months; the stock is now in a technical downtrend. Options traders are favoring the call side today, though sentiment is mixed. The July $11 call was traded 2,086 times on open interest of 1,741 contracts and the July $12 call was traded 1,525 times on open interest of 2,046 contracts. Though call volume is now running at 3.22x the daily average, only 34% of all calls traded have been purchases on the offer. This signals that calls have been both purchased and sold today. ProLogis is a real estate investment trust. The Company is a global provider of industrial distribution facilities. It is an international real estate company with operations in North America, Europe and Asia. As of December 31, 2009, the Company's total portfolio of properties owned, managed, and under development includes direct-owned properties and properties owned by property funds and joint ventures.