Direxion Shares Exchange Traded Fund Trust on Focus After Bullish Options Activity

 Direxion Shares Exchange Traded Fund Trust on Focus After Bullish Options Activity

In today’s session Direxion Shares Exchange Traded Fund Trust (ERX) registered an unusually high (235) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious ERX increase. With 235 contracts traded and 8574 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: ERX161021C00035000 closed last at: $0.45 or 47.1% down. Direxion Shares Exchange Traded Fund Trust (NYSEARCA:ERX) has risen 38.95% since March 14, 2016 and is uptrending. It has outperformed by 33.34% the S&P500.

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

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