What’s Next for Direxion Daily Small Cap Bear 3X Shares After Today’s Bearish Options Activity?

 What's Next for Direxion Daily Small Cap Bear 3X Shares After Today's Bearish Options Activity?

In today’s session Direxion Daily Small Cap Bear 3X Shares (TZA) recorded an unusually high (502) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious TZA decrease. With 502 contracts traded and 16394 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: TZA180119P00025000 closed last at: $8.65 or 1.1% down. Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) has declined 43.15% since April 27, 2016 and is downtrending. It has underperformed by 48.37% the S&P500.

Direxion Daily Small Cap Bear 3X Shares seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the Russell 2000 Index (the Small Cap Index). The company has a market cap of $519.32 million. The Small Cap Index measures the performance of the small-cap segment of the United States equity universe and consists of the smallest 2,000 companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of the Russell 3000 Index. It currently has negative earnings. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.

More news for Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) were recently published by: Marketwatch.com, which released: “Direxion Daily Small Cap Bear 3x Shares” on December 24, 2009. Etfdailynews.com‘s article titled: “Time To Buy Small Caps? [Direxion Daily Small Cap Bear 3X Shares, Direxion …” and published on May 15, 2014 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment