Home > Options Activity Heats Up In The Direxion 3X Financial Bear ETF (NYSE:FAZ)
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Options Activity Heats Up In The Direxion 3X Financial Bear ETF (NYSE:FAZ)

April 27th, 2010

“(NYSE: FAZ) options saw interesting call activity today. A total of 4,573 put and 24,055 call contracts were traded raising a low Put/Call volume alert. Today’s traded Put/Call ratio is 0.19. There were 5.26 calls traded for each put contract,” Leo Goldman Reports From Market Intellisearch.

Goldman goes on to report, “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. Conversely, 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.”

“Direxion Daily Finanancial Bear 3X Shares (NYSE: FAZ) closed at $11.09 in the last trading session and opened today at $11.11. (FAZ) is trading at $11.64, up $0.55 (+4.94%) in today’s trading session. The daily low is $11.10 and the high is $11.67. The trading volume of 64,673,356 is below the average volume of 70,105,400 shares. (NYSE: FAZ) is trading below the 50 day moving average and lower than the 200 day moving average. The stock’s 52 week low is $10.78 and 52 week high is $96.20,” Goldman Reports.


In a recent report, “The Select Financial Sector SPDRs (NYSE: XLF) is down 0.4%. The Direxion Financial Bull 3X fund (NYSE: FAS) is down 1.2%; its bearish counterpart, (NYSE: FAZ), is up 1.2%. Leading, active financial shares are firmer, including: (NYSE: C), -0.4%; (NYSE: GS), -0.8%; (NYSE: BAC), -0.4%,”  ONN TV Reports.

Here are some more details on the Direxion Daily Financial Bear 3X ETF (NYSE:FAZ) including a snapshot of the options activity below:

Direxion Daily Financial Bear 3X Shares (FAZ)

Fund Objective

The Financial Bear 3X Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 1000® Financial Services Index (“Financial Index”). There is no guarantee the fund will meet its stated investment objective.

Target Index

The Russell 1000® Financial Services Index is a capitalization-weighted index of companies that provide financial services. As of April 30, 2008, the Index had 227 components, derived from the Russell 1000 Index with an average market capitalization of over $11 billion dollars and a median market capitalization of $4.4 billion dollars. One cannot directly invest in an Index.

Index Sector Weightings

Banks: Diversified 24.49%
Diversified Financial Services 23.84%
Real Estate Invt. Trusts (REITS) 11.59%
Financial Data & Systems 9.67%
Insurance: Property-Casualty 8.00%
Asset Mgmt. & Custodian  6.02%
Insurance: Multi-Line 5.68%
Insurance: Life 4.30%
Securities Brokerage & Svcs 3.95%
Banks: Svgs/Thrifts & Mort Lend 1.46%
Real Estate 0.57%
Consumer Lending 0.42%
   

Data as of 12/31/2009 is subject to change at any time.

Chart forDirexion Daily Financial Bear 3X Shares (FAZ)

Call Options Expire at close Friday, May 21, 2010
Strike Symbol Last Chg Bid Ask Vol Open Int
8.00 FAZ100522C00008000 3.80 Up 0.20 4.10 4.15 2 46
8.00 FEW100522C00008000 3.20 0.00 N/A N/A 1 56
9.00 FAZ100522C00009000 3.30 Up 0.86 3.10 3.20 132 2,143
10.00 FAZ100522C00010000 2.36 Up 0.74 2.23 2.29 1,481 8,321
11.00 FAZ100522C00011000 1.55 Up 0.39 1.55 1.57 6,549 10,725
11.00 FEW100522C00011000 0.84 0.00 N/A N/A 208 10,139
12.00 FAZ100522C00012000 1.00 Up 0.29 1.01 1.04 9,795 17,161
12.00 FEW100522C00012000 0.53 0.00 N/A N/A 945 17,556
13.00 FAZ100522C00013000 0.67 Up 0.17 0.63 0.66 9,799 10,777
13.00 FEW100522C00013000 0.38 0.00 N/A N/A 69 9,929
14.00 FAZ100522C00014000 0.43 Up 0.13 0.43 0.45 3,102 10,580
15.00 FAZ100522C00015000 0.30 Up 0.07 0.29 0.30 2,031 5,973
15.00 FEW100522C00015000 0.18 0.00 N/A N/A 93 5,900
16.00 FAZ100522C00016000 0.20 Up 0.03 0.18 0.20 3,253 5,085
16.00 FEW100522C00016000 0.16 0.00 N/A N/A 162 3,838
17.00 FAZ100522C00017000 0.14 Up 0.02 0.12 0.14 1,042 5,230
17.00 FEW100522C00017000 0.09 0.00 N/A N/A 35 4,502
18.00 FAZ100522C00018000 0.10 Up 0.03 0.08 0.10 813 4,619
19.00 FAZ100522C00019000 0.08 Up 0.03 0.06 0.07 1,001 4,891
19.00 FEW100522C00019000 0.07 0.00 N/A N/A 0 4,773
20.00 FAY100522C00020000 0.04 0.00 N/A N/A 50 2,281
20.00 FAZ100522C00020000 0.06 Up 0.01 0.04 0.05 391 2,507
21.00 FAY100522C00021000 0.04 0.00 N/A N/A 142 1,165
21.00 FAZ100522C00021000 0.04 Up 0.01 0.03 0.04 30 1,135
22.00 FAZ100522C00022000 0.03 Up 0.01 0.01 0.03 1,193 525
23.00 FAY100522C00023000 0.05 0.00 N/A N/A 0 1,613
23.00 FAZ100522C00023000 0.03 Up 0.01 N/A 0.03 346 1,617
24.00 FAY100522C00024000 0.03 0.00 N/A N/A 100 4,492
24.00 FAZ100522C00024000 0.02 0.00 N/A 0.02 20 4,567
Put Options Expire at close Friday, May 21, 2010
Strike Symbol Last Chg Bid Ask Vol Open Int
8.00 FAZ100522P00008000 0.02 Down 0.01 0.03 0.05 200 1,973
8.00 FEW100522P00008000 0.03 0.00 N/A N/A 4 1,973
9.00 FAZ100522P00009000 0.07 0.00 0.06 0.08 70 3,538
9.00 FEW100522P00009000 0.09 0.00 N/A N/A 11 3,505
10.00 FAZ100522P00010000 0.17 Down 0.06 0.17 0.18 927 6,318
10.00 FEW100522P00010000 0.28 0.00 N/A N/A 120 5,631
11.00 FAZ100522P00011000 0.44 Down 0.25 0.43 0.44 1,478 7,227
12.00 FAZ100522P00012000 0.90 Down 0.25 0.88 0.91 2,605 9,937
12.00 FEW100522P00012000 1.43 0.00 N/A N/A 29 9,796
13.00 FAZ100522P00013000 1.50 Down 0.41 1.51 1.55 1,076 6,397
13.00 FEW100522P00013000 2.25 0.00 N/A N/A 5 6,278
14.00 FAZ100522P00014000 2.28 Down 0.52 2.29 2.31 492 3,948
14.00 FEW100522P00014000 3.05 0.00 N/A N/A 5 3,945
15.00 FAZ100522P00015000 3.00 Down 0.80 3.10 3.20 213 545
16.00 FAZ100522P00016000 4.45 Up 0.06 4.05 4.15 100 278
16.00 FEW100522P00016000 4.39 0.00 N/A N/A 0 278
17.00 FAZ100522P00017000 5.85 0.00 5.00 5.10 2 351
17.00 FEW100522P00017000 5.32 0.00 N/A N/A 0 349
18.00 FAZ100522P00018000 6.33 0.00 5.90 6.00 0 222
18.00 FEW100522P00018000 6.33 0.00 N/A N/A 0 222
19.00 FAZ100522P00019000 7.92 0.00 6.90 6.95 5 108
20.00 FAY100522P00020000 8.28 0.00 N/A N/A 0 79
20.00 FAZ100522P00020000 7.73 Down 0.55 7.85 7.95 33 79
21.00 FAY100522P00021000 8.15 0.00 N/A N/A 0 20
21.00 FAZ100522P00021000 8.15 0.00 8.90 9.00 0 20
23.00 FAZ100522P00023000 13.00 0.00 10.85 10.90 0 40
24.00 FAY100522P00024000 10.67 0.00 N/A N/A 0 1
24.00 FAZ100522P00024000 10.67 0.00 11.85 11.95 0 1


NYSE:FAS, NYSE:FAZ, NYSE:XLF


 

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  1. May 13th, 2010 at 00:21 | #1

    Direxion Small Cap Bull 3X ETF (TNA) is one of my favourite etf securities right now. It has jumped very nicely in the few days I have actually held them.

  2. May 11th, 2010 at 06:25 | #2

    ETF Options have been on the rise as seen by the The Direxion 3X Financial Bear ETF. At the moment the market signals a great opportunity – take it.

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