Direxion Daily Small Cap Bear 3X Shares (TZA) - Trading Analysis

Posted on 12/07/2012 by Ella Gold

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NEW YORK (AVAFIN) -- A record number of Direxion Daily Small Cap Bear 3X Shares call contracts were traded during the busy trading session. There were 6.1 call contracts traded for each put contract yielding a 0.16 put/call ratio where 5,180 put and 31,516 call contracts exchanged hands.

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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.

Direxion Daily Small Cap Bear 3X Shares opened at $14.94 and the stock price declined $0.03 (0.21%) to $15.11 during the market session. TZA is trading between the range of $14.91 - $15.30. Performance indicators show that the stock has gained 0.20% within the last week. Volume is 13M in relation to the three month average volume of 18M shares. TZA is trading below the 50 day moving average and lower than the 200 day moving average.

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