Options Update for Direxion Daily Financial Bear 3X Shares (FAZ)

Posted on 10/15/2012 by Peter Mankowitz

Share on StockTwits




NEW YORK (AVAFIN) -- Direxion Daily Financial Bear 3X Shares options set a new 90-day record for the number of call contracts that exchanged hands between the buyers and the sellers. Aggregate volume of puts was 3,174 and calls was 9,967 equating to a 0.32 put/call ratio.

Investors use options to manage risk and to speculate on price changes. Options can provide significant leverage if the stock moves in the right direction but aslo end up worthless if it doesn't.

Shares of Direxion Daily Financial Bear 3X Shares declined $0.54 (3.08%) to $17.02 in today's trading session. The price of FAZ ranged between $17.01 - $17.63. Volume is 7M in relation to the three month average volume of 9M 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 $16.04 and 52 week high is $56.62. Within the last quarter, the shares have lost -20.79% of their value.

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