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Bullish On LABD? You Might Want To Consider This Credit Put Spread Expiring in 15 Days
Market Chameleon (Thu, 10-Apr 9:51 AM ET)
The Direxion Daily S&P Biotech Bear 3X Shares (the "Fund") seeks daily inverse leveraged (-3X) investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify the daily inverse performance of the S&P Biotechnology Select Industry Index (the "Index"). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be -300% of the performance of the Index for the period. The Index is provided by S&P Dow Jones Indices (the "Index Provider") and includes domestic companies from the biotechnology industry. The Index is a modified equal- weighted index that is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards ("GICS").
Direxion Daily S&P Biotech Bear 3X ETF trades on the ARCA stock market under the symbol LABD.
As of June 12, 2026, LABD stock price declined to $13.19 with 7,014,389 million shares trading.
LABD has a beta of -2.95, meaning it tends to be less sensitive to market movements. LABD has a correlation of 0.29 to the broad based SPY ETF.
LABD has a market cap of $69.99 million. This is considered a Micro Cap stock.
In the last 3 years, LABD traded as high as $299.20 and as low as $12.47.
LABD has underperformed the market in the last year with a return of -80.1%, while the SPY ETF gained +24.6%. In the last 3 month period, LABD fell short of the market, returning -26.0%, while SPY returned +9.9%. However, in the most recent 2 weeks LABD has outperformed the stock market by returning +1.5%, while SPY returned -1.7%.
LABD support price is $12.65 and resistance is $14.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LABD shares will trade within this expected range on the day.
