Direxion Shares Exchange Traded Fund Trust’s Stock Is Sell After Today’s Bearish Options Activity

 Direxion Shares Exchange Traded Fund Trust's Stock Is Sell After Today's Bearish Options Activity

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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