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.