Direxion Daily Financial Bear 3X Shares (FAZ) - Trading Analysis

Posted on 06/28/2013 by Ella Gold

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NEW YORK (AVAFIN) -- During the last trading session, a new 90-day call record for traded contracts was established. There were 3.0 calls traded for every put contract yielding a 0.33 put/call ratio.

A significant increase in the trading volume of a stock's option often is a precursor of movement by the underlying stock. In such instances, put/call Ratio can be used as an investor sentiment indicator, where a high ratio implies that the overall investor sentiment is bearish and a low put/call ratio implies that the sentiment is bullish.

Direxion Daily Financial Bear 3X Shares opened at $33.40 and the stock price rose $0.57 (+1.73%) to $33.60 during the market session. FAZ is trading between the range of $33.14 - $34.09. Within the last quarter, the shares have lost -21.28% of their value. Volume is 7M in relation to the three month average volume of 8M shares. FAZ is trading below the 50 day moving average and higher than the 200 day moving average.


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