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30-Day Downside Put Protection Falls to Lowest Level in 4 weeks

TNA Direxion Daily Small Cap Bull 3X45.86+2.60 (+6.0%)

The cost to protect downside risk fell to 6.7%, the lowest level since Aug 19, 2024 when it was at 6.8%. The 52-Week average is 6.7% and the 52-Week range is 4.9% - 12.1%.
Unusual Option Volume

TNA Direxion Daily Small Cap Bull 3X45.91+2.65 (+6.1%)

Direxion Daily Small Cap Bull 3X trades 34,712 contracts.

Bearish play with a target stock price of $45 or below

Strategy has +18% upside potential and 4% undervalued

Bearish play with a target stock price of $44 or below

Strategy has +26% upside potential and 34% overvalued

Bullish play with a target stock price of $43.50 or above

Strategy has +54% upside potential and 21% overvalued

Bullish play with a target stock price of $50

Strategy has +336% upside potential and 11% undervalued