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.