Examining Block Trading Activity and Options for Direxion Daily Small Cap Bull 3X Shares

Posted on 01/24/2013 by Ella Gold

Share on StockTwits




NEW YORK (AVAFIN) -- Trading of Direxion Daily Small Cap Bull 3X Shares options resulted in establishing a new 90-day call volume record, where 34,863 call contracts exchanged hands between the buyers and the sellers. A total of 15,452 put and 34,863 call contracts was traded raising a 0.44 put/call ratio on shares of TNA

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.

On the volume side, 7M shares were traded which is less than the average volume. Direxion Daily Small Cap Bull 3X Shares is trading above the 50 day moving average and higher than the 200 day moving average. Shares of TNA opened today at $75.39 and settled the day up $0.75 to $75.68 during the session. The day's trading range is between $74.83 and $77.11 respectively. To date, the stock has gained 16.15% within the last month.



    search    
   subscribe

:: Market Movers ::

:: Technical Alerts ::

:: Candle Stick Alerts ::

:: Chart Patterns ::

:: Options Advisory Center ::

:: Block Trades Review ::

:: Trade Flow Analysis ::