A Closer Look at Today's Options Activity for Direxion Daily Financial Bear 3X Shares (FAZ)

Posted on 03/18/2013 by Norm Sorkin

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NEW YORK (AVAFIN) -- Trading of Direxion Daily Financial Bear 3X Shares options resulted in establishing a new 90-day call volume record, where 20,769 call contracts exchanged hands between the buyers and the sellers. A total of 4,794 put and 20,769 call contracts was traded raising a 0.23 put/call ratio on shares of FAZ

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Investors use options to manage risk and to speculate on price changes. Options can provide significant leverage if the stock moves in the right direction but aslo end up worthless if it doesn't.

Direxion Daily Financial Bear 3X Shares is trading at $10.59, up $0.27 (+2.62%) in today's trading session. The daily low is $10.46 and the high is $10.73. The trading volume of 11M is above the average volume of 8M shares. FAZ is trading below the 50 day moving average and lower than the 200 day moving average. The technical momentum Relative Strength Index indicator shows oversold conditions. The stock's 52 week low is $10.29 and 52 week high is $31.00. Within the last quarter, the shares have lost -36.06% of their value.

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