Direxion Daily Gold Miners Bull 3X Shrs - Market Review

Posted on 12/21/2012 by Evelyn Greenberg

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NEW YORK (AVAFIN) -- Direxion Daily Gold Miners Bull 3X Shrs options set a new 90-day record for the number of call contracts that exchanged hands between the buyers and the sellers. Aggregate volume of puts was 3,001 and calls was 17,742 equating to a 0.17 put/call ratio.

Unusual volume provides reliable clues that the stock is expected to make a move. Investors can use the put/call ratio statistics to measure trader sentiment. A high put/call ratio suggests that the overall investment sentiment is bearish and that investors expect the underlying stock to decrease in value. Conversely, a low put/call ratio implies that investor sentiment is bullish based on the large amount of call options.

The trading volume of 4M is below the 90 day average volume of 5M shares. Shares of Direxion Daily Gold Miners Bull 3X Shrs edged up $0.06 (+0.61%) to $9.94. The price of the stock ranged between a low of $9.60 and $10.16 respectively.

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