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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