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.
