A Closer Look at Today's Options Activity for Direxion Daily Small Cap Bear 3X Shares

Posted on 12/21/2012 by Peter Mankowitz

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NEW YORK (AVAFIN) -- Direxion Daily Small Cap Bear 3X Shares options contracts experienced a new 90-day record for call contracts where a total of 22,925 call contracts were traded in the busy trading session. The contract spread yielded a 0.25 put/call ratio where 4.0 call contracts were traded for each put contract.

Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio statistics serve as a useful predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying stock. Thus, unusual volume provides reliable clues that the stock is expected to make a move.

The trading volume of 18M is above the 90 day average volume of 18M shares. Shares of Direxion Daily Small Cap Bear 3X Shares edged up $0.19 (+1.40%) to $13.64. The price of the stock ranged between a low of $13.62 and $14.15 respectively.


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