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.