Could Direxion Daily Financial Bull 3X Shares Rise Even More? The Stock Had Bullish Options Activity

 Could Direxion Daily Financial Bull 3X Shares Rise Even More? The Stock Had Bullish Options Activity

In today’s session Direxion Daily Financial Bull 3X Shares (FAS) registered an unusually high (201) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious FAS increase. With 201 contracts traded and 1074 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: FAS161118C00026000 closed last at: $3.2 or 8.6% down. Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) has risen 22.44% since March 16, 2016 and is uptrending. It has outperformed by 16.90% the S&P500.

Direxion Daily Financial Bull 3x Shares seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index . The company has a market cap of $1.07 billion. The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market. It currently has negative earnings. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.

More notable recent Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) news were published by: Marketwatch.com which released: “Direxion Daily Financial Bull 3x Shares” on August 05, 2009, also Etfdailynews.com with their article: “Largest Financial ETF Holds Up, Despite Wells Fargo Meltdown” published on October 18, 2016, Etfdailynews.com published: “Stop Investing In Leveraged ETFs [Direxion Small Cap Bull 3X Shares (ETF …” on August 19, 2014. More interesting news about Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) were released by: Prnewswire.com and their article: “Direxion Investments Announces Reverse and Forward Share Splits of 19 …” published on April 20, 2015 as well as Benzinga.com‘s news article titled: “These Leveraged Sector ETFs Merit Attention As Clinton Pushes Ahead” with publication date: October 04, 2016.

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