“(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

Strike Symbol Last Chg Bid Ask Vol Open Int 8.00 FAZ100522C00008000 3.80 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 0.86 3.10 3.20 132 2,143 10.00 FAZ100522C00010000 2.36 0.74 2.23 2.29 1,481 8,321 11.00 FAZ100522C00011000 1.55 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 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 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 0.13 0.43 0.45 3,102 10,580 15.00 FAZ100522C00015000 0.30 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 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 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 0.03 0.08 0.10 813 4,619 19.00 FAZ100522C00019000 0.08 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 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 0.01 0.03 0.04 30 1,135 22.00 FAZ100522C00022000 0.03 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 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

Strike Symbol Last Chg Bid Ask Vol Open Int 8.00 FAZ100522P00008000 0.02 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 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 0.25 0.43 0.44 1,478 7,227 12.00 FAZ100522P00012000 0.90 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 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 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 0.80 3.10 3.20 213 545 16.00 FAZ100522P00016000 4.45 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 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