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Unusual Option Volume

LABU Direxion Daily S&P Biotech Bull 3X81.35-6.69 (-7.6%)

Direxion Daily S&P Biotech Bull 3X trades 15,623 contracts.

LABU 101.42-14.99 (-12.9%)Direxion Daily S&P Biotech Bull 3X

  • ATM straddle for 19-Apr-24 expiration returned a positive 54.1% from the previous business day
  • The upside wing (25 delta calls) declined -79.8%
  • Downside put (25 delta puts) gained 277.0%
  • The option volume for 19-Apr-24 expiration is 3,425

LABU 167.05+18.61 (+12.5%)Direxion Daily S&P Biotech Bull 3X

  • ATM straddle for 01-Mar-24 expiration returned a positive 54.0% from the previous business day
  • The upside wing (25 delta calls) gained 363.7%
  • Downside put (25 delta puts) lost -84.1%
  • The option volume for 01-Mar-24 expiration is 3,263
30-day Implied Volatility (IV30) Falls to Lowest Level in 2 months

LABU Direxion Daily S&P Biotech Bull 3X128.23+4.06 (+3.3%)

The IV30 fell to 86.7, the lowest level since Dec 13, 2023 when it traded at 86.9. Stock Option traders are pricing in an average daily move of ±5.5%. The 52-Week historical volatility is 81.5 with an average daily move of ±5.1%. View Implied Vol
30-Day Downside Put Protection Falls to Lowest Level in 2 months

LABU Direxion Daily S&P Biotech Bull 3X128.63+4.46 (+3.6%)

The cost to protect downside risk fell to 9.6%, the lowest level since Dec 13, 2023 when it was at 9.6%. The 52-Week average is 9.4% and the 52-Week range is 6.7% - 13.0%.
30-day Implied Volatility (IV30) Falls to Lowest Level in 2 months

LABU Direxion Daily S&P Biotech Bull 3X128.60+4.43 (+3.6%)

The IV30 fell to 86.7, the lowest level since Dec 13, 2023 when it traded at 86.9. Stock Option traders are pricing in an average daily move of ±5.5%. The 52-Week historical volatility is 81.5 with an average daily move of ±5.1%. View Implied Vol