NEW YORK (AVAFIN) -- Options traders were heavily trading options contracts during the market session
establishing a new 3-month volume record for shares of Direxion Daily Small Cap Bull 3X Shares. A total of 18,672 put and
8,872 calls were traded equating to a 2.10 put/call ratio.
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Put/Call ratio can be regarded as a predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying equity. A high put/call ratio
suggests that the investor sentiment is bearish and that investors are expecting the underlying
stock price to decrease. On the other hand, a low put/call ratio implies that the investor
sentiment is bullish and that investors are expecting the underlying stock price to increase.
Thus, unusual volume provides reliable clues that the stock is expected to make a move.
Shares of TNA opened today at $84.24 and settled the day down $4.74 to $79.33
during the session. The day's trading range is between $79.11 and $84.36 respectively.
Within the last month, shares of TNA have gained 76.62% of their value.
On the volume side, 8M shares were traded which is greater
than the average volume of 7M shares. Direxion Daily Small Cap Bull 3X Shares is trading above the 50 day
moving average and higher than the 200 day moving average. The technical momentum Relative Strength Index indicator shows overbought conditions. The stock's 52 week low is $41.55 and 52 week high is $84.07.