NEW YORK (AVAFIN) -- Options traders were heavily trading options contracts during the market session
establishing a new 3-month volume record for shares of Direxion Daily Energy Bull 3X Shares. A total of 3,873 put and
4,021 calls were traded equating to a 0.96 put/call ratio.
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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.
The trading volume of 1M is above the 90 day average volume of 926M shares.
Shares of Direxion Daily Energy Bull 3X Shares edged down $4.10 (7.97%) to $47.34. The price of the stock ranged
between a low of $46.32 and $49.41 respectively.
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