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.
