Is Buying Stock Like Direxion Shares Exchange Traded Fund Trust Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like Direxion Shares Exchange Traded Fund Trust Good Idea After Today's Bullish Options Activity?

In today’s session Direxion Shares Exchange Traded Fund Trust (JDST) registered an unusually high (536) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious JDST increase. With 536 contracts traded and 1494 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: JDST161021C00040000 closed last at: $2.55 or 5.6% down. Direxion Shares Exchange Traded Fund Trust (NYSEARCA:JDST) has risen 1.27% since March 4, 2016 and is uptrending. It has underperformed by 6.77% the S&P500.

More notable recent Direxion Shares Exchange Traded Fund Trust (NYSEARCA:JDST) news were published by: Learnbonds.com which released: “Gold Demand at 4-year High, Direxion Shares Exchange Traded Fund Trust (NUGT …” on September 07, 2016, also Investorplace.com with their article: “Use Direxion Shares Exchange Traded Fund Trust (NUGT) to Pounce on This Bounce” published on October 07, 2016, Investorplace.com published: “The Direxion Shares Exchange Traded Fund Trust (DUST) Is Flying!” on October 04, 2016. More interesting news about Direxion Shares Exchange Traded Fund Trust (NYSEARCA:JDST) were released by: Profitconfidential.com and their article: “Triple-Digit Upside for Direxion Shares Exchange Traded Fund Trust?” published on August 23, 2016 as well as Learnbonds.com‘s news article titled: “Feds Adopt Hawkish Stand: Gold, Direxion Shares Exchange Traded Fund Trust …” with publication date: August 29, 2016.

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