Direxion Daily Small Cap Bear 3X Shares on Focus After Bullish Options Activity

 Direxion Daily Small Cap Bear 3X Shares on Focus After Bullish Options Activity

In today’s session Direxion Daily Small Cap Bear 3X Shares (TZA) registered an unusually high (500) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious TZA increase. With 500 contracts traded and 3954 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: TZA161021C00026000 closed last at: $3.15 or 32.4% up. Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) has declined 38.07% since March 14, 2016 and is downtrending. It has underperformed by 43.68% the S&P500.

Direxion Daily Small Cap Bear 3X Shares seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the Russell 2000 Index (the Small Cap Index). The company has a market cap of $654.26 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.

More notable recent Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) news were published by: Marketwatch.com which released: “Direxion Daily Small Cap Bear 3x Shares” on December 24, 2009, also Etfdailynews.com with their article: “Time To Buy Small Caps? [Direxion Daily Small Cap Bear 3X Shares, Direxion …” published on May 15, 2014, Etfdailynews.com published: “Marc Faber: Stocks Could Crash 30% [Dow Jones Industrial Average, Direxion …” on July 09, 2014. More interesting news about Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) were released by: Etfdailynews.com and their article: “Direxion Announces Reverse Share Splits Of Six Leveraged ETFs” published on August 10, 2015 as well as Marketwatch.com‘s news article titled: “/quotes/zigman/3870025/realtime” with publication date: December 21, 2009.

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