It Seems Direxion Shares Exchange Traded Fund Trust Will Go Down. Had Bearish Options Activity

 It Seems Direxion Shares Exchange Traded Fund Trust Will Go Down. Had Bearish Options Activity

In today’s session Direxion Shares Exchange Traded Fund Trust (NUGT) recorded an unusually high (925) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious NUGT decrease. With 925 contracts traded and 20244 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: NUGT161216P00014000 closed last at: $3.9 or 85.7% up. Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) has risen 3.86% since March 3, 2016 and is uptrending. It has underperformed by 4.48% the S&P500.

More important recent Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) news were published by: Investorplace.com which released: “The Direxion Shares Exchange Traded Fund Trust (DUST) Is Flying!” on October 04, 2016, also Learnbonds.com published article titled: “Feds Adopt Hawkish Stand: Gold, Direxion Shares Exchange Traded Fund Trust …”, Learnbonds.com published: “Gold: Fed Stance Triggers Volatility for Direxion Shares Exchange Traded Fund …” on September 26, 2016. More interesting news about Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) was released by: Profitconfidential.com and their article: “Triple-Digit Upside for Direxion Shares Exchange Traded Fund Trust?” with publication date: August 23, 2016.

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