Trading Activity Report for Direxion Daily Financial Bear 3X Shares (FAZ)

Posted on 07/31/2014 by Peter Mankowitz

NEW YORK (AVAFIN) -- A low put/call ratio alert was raised on shares of Direxion Daily Financial Bear 3X Shares as evident during the last trading session. Aggregate volume of puts was 6,059 and calls were 14,100 yielding a 0.43 put/call ratio. The increased volume of call contracts surpassed put contracts 2.3:1 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.
Shares of Direxion Daily Financial Bear 3X Shares gained $0.97 (5.60%) to $18.30. The last trading session witnessed a low of $17.54 and high of $18.31 during the day. The current trading volume of 1.37M is greater than average volume of shares. FAZ is trading above the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $16.89 and 52 week high is $33.35. Performance indicators show that the stock has lost -2.31% within the last month.