Trading Update for Direxion Daily Financial Bear 3X Shares

Posted on 01/25/2013 by Tom Kaplan

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NEW YORK (AVAFIN) -- Direxion Daily Financial Bear 3X Shares 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 4,628 and calls was 15,788 equating to a 0.29 put/call ratio.

The ratio skew implies that investors are hedging their positions in anticipation of a stock move. Today's unusual volume activity confirms that traders are re-balancing their portfolios.

Shares of Direxion Daily Financial Bear 3X Shares settled at $12.42, down $0.15 (1.19%) in the last trading session. The shares of the stock had an intraday low of $12.40 and high of $12.63. Within the last week, the shares have lost -3.97% of their value. The stock's 52 week low is $12.38 and 52 week high is $31.00.


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