In today’s session Direxion Shares Exchange Traded Fund Trust (ERX) recorded an unusually high (206) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious ERX decrease. With 206 contracts traded and 11184 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: ERX161021P00025000 closed last at: $0.1 or 60% down. Direxion Shares Exchange Traded Fund Trust (NYSEARCA:ERX) has risen 53.49% since March 9, 2016 and is uptrending. It has outperformed by 46.08% the S&P500.
More recent Direxion Shares Exchange Traded Fund Trust (NYSEARCA:ERX) news were published by: Investorplace.com which released: “Use Direxion Shares Exchange Traded Fund Trust (NUGT) to Pounce on This Bounce” on October 07, 2016. Also Investorplace.com published the news titled: “The Direxion Shares Exchange Traded Fund Trust (DUST) Is Flying!” on October 04, 2016. Profitconfidential.com‘s news article titled: “Triple-Digit Upside for Direxion Shares Exchange Traded Fund Trust?” with publication date: August 23, 2016 was also an interesting one.
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