In today’s session Direxion Large Cap Bull 3X Shares (ETF) (SPXL) recorded an unusually high (283) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious SPXL decrease. With 283 contracts traded and 2354 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: SPXL161118P00091000 closed last at: $3.3 or 17.9% up. Direxion Large Cap Bull 3X Shares (ETF) (NYSEARCA:SPXL) has risen 14.51% since March 28, 2016 and is uptrending. It has outperformed by 9.80% the S&P500.
Direxion Daily S&P 500 Bull 3X Shares, formerly Direxion Daily Large Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the S&P 500 Index. The ETF has a market cap of $479.29 million. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. It currently has negative earnings. Standard & Poor’s selects the 500 stocks comprising the Index on the basis of market values and industry diversification.
More notable recent Direxion Large Cap Bull 3X Shares (ETF) (NYSEARCA:SPXL) news were published by: Etfdailynews.com which released: “Direxion Announces Modifications To 8 ETFs (BGU, BGZ, MWJ, MWN, TYH, TYP, ERX …” on June 07, 2012, also Benzinga.com with their article: “Leveraged ETF Rebalancing: It’s Not As Bad As It Seems” published on October 06, 2015, Etfdailynews.com published: “Time To Buy Small Caps? [Direxion Daily Small Cap Bear 3X Shares, Direxion …” on May 15, 2014. More interesting news about Direxion Large Cap Bull 3X Shares (ETF) (NYSEARCA:SPXL) were released by: Benzinga.com and their article: “These Leveraged Sector ETFs Merit Attention As Clinton Pushes Ahead” published on October 04, 2016 as well as Seekingalpha.com‘s news article titled: “Volatility Targeting Strategy Using 3X Leveraged Equity And Treasury ETFs” with publication date: July 11, 2016.
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