Trading Activity Alert for Direxion Daily Financial Bull 3X Shares

Posted on 06/29/2012 by Allen Bersch

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NEW YORK (AVAFIN) -- A record number of Direxion Daily Financial Bull 3X Shares call contracts were traded during the busy trading session. There were 1.3 call contracts traded for each put contract yielding a 0.80 put/call ratio where 23,979 put and 30,025 call contracts exchanged hands.

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A significant increase in the trading volume of a stock's option often is a precursor of movement by the underlying stock. In such instances, put/call Ratio can be used as an investor sentiment indicator, where a high ratio implies that the overall investor sentiment is bearish and a low put/call ratio implies that the sentiment is bullish.

Shares of Direxion Daily Financial Bull 3X Shares rose $6.15 (+7.41%) to $89.20 in today's trading session. The price of FAS ranged between $87.11 - $89.23. Volume is 8M in relation to the three month average volume of 8M shares. FAS is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $42.15 and 52 week high is $137.60. Within the last week, the shares have gained 1.66% of their value.


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