Direxion Daily Small Cap Bear 3X Shares - Market Review

Posted on 06/19/2012 by Norm Sorkin


NEW YORK (AVAFIN) -- A record number of Direxion Daily Small Cap Bear 3X Shares call contracts were traded during the busy trading session. There were 3.8 call contracts traded for each put contract yielding a 0.27 put/call ratio where 7,760 put and 29,154 call contracts exchanged hands.

The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.

TZA is trading below the 50 day moving average and lower than the 200 day moving average. Shares of Direxion Daily Small Cap Bear 3X Shares closed at $19.34, down $1.06 (5.19%) in the last trading session. Today's volume of 28M shares is greater than the average volume of 23M shares.

Market Snapshot (06/19/2012)
  SPX 1358.35 13.57 1.01%
  DOW 12850.0 108.20 0.85%
  NASDAQ 2929.3 33.97 1.17%
  VIX 18.26 -0.06 -0.33%

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