NEW YORK (AVAFIN) -- Options traders were heavily trading call contracts during the last trading session establishing a
new 3-month call volume record. A total of 9,858 put and 21,633 calls were traded where call
contracts outnumbered puts 2.2:1, yielding a 0.46 ratio.
Options can be used as predictors of stock behavior. Investors can use put/call ratios as
technical indicators to read for signs of institutional sentiment. The put/call ratios
offer insight to investors and can be used as either a direct or contrarian indicator
for trading decisions. Unusual volume provides reliable clues that the stock is expected
to make a move.
Shares of Direxion Daily Small Cap Bull 3X Shares edged up $0.27 (+0.52%) to $52.50. The price of the stock ranged
between a low of $51.29 and $53.68 respectively. The trading volume of 12M is above
the 90 day average volume of 8M shares. TNA is trading below the 50
day moving average. The stock's 52 week low is $33.64 and 52 week high is $68.98. Performance indicators show that the stock has lost -15.50% within the last month.