Examining Block Trading Activity & Unusual Options Volume for Direxion Daily Financial Bear 3X Shares (FAZ)

Posted on 03/01/2012 by Allen Bersch


NEW YORK (AVAFIN) -- Block trades serve as a useful indicator for investors trying to understand the sentiment of large financial institutions. Today, a total of 51 block trades were recorded, typically at least 10,000 shares of stock or more represent a single block unit. Further examination shows that the bought value of the shares was $7,910,268 versus the sold value of $10,282,570. The negative cash flow of $2,372,302 out of the stock shows that investors have bearish sentiment.

View all Block Trading Activities

On the options side, investors traded a total of 35,510 contracts. Specifically, 29,473 call and 6,037 put contracts were traded yesterday yielding a 0.20 put/call ratio.

Shares of Direxion Daily Financial Bear 3X Shares closed at $24.63, down $0.89 (3.49%) in the last trading session. Today's volume of 15M shares is less than the average volume of 18M shares. FAZ is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $24.50 and 52 week high is $81.50.

Market Snapshot (02/29/2012)
  SPX 1371.29 5.61 0.41%
  DOW 12974.0 21.90 0.17%
  NASDAQ 2988.97 22.08 0.74%
  VIX 17.29 -1.14 -6.19%

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