Can Direxion Small Cap Bull 3X Shares (ETF)’s Tomorrow Be Different? Option Trader Are Very Bullish

 Can Direxion Small Cap Bull 3X Shares (ETF)'s Tomorrow Be Different? Option Trader Are Very Bullish

In today’s session Direxion Small Cap Bull 3X Shares (ETF) (TNA) registered an unusually high (401) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious TNA increase. With 401 contracts traded and 10904 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: TNA180119C00090000 closed last at: $14.4 or 2.5% up. The ETF decreased 1.39% or $1.1 during the last trading session, hitting $77.94. Direxion Small Cap Bull 3X Shares (ETF) (NYSEARCA:TNA) has risen 59.19% since March 1, 2016 and is uptrending. It has outperformed by 49.95% the S&P500.

Direxion Daily Small Cap Bull 3X Shares , formerly Direxion Small Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the Russell 2000 Index (the Small Cap Index). The ETF has a market cap of $731.88 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.

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