Is Direxion Large Cap Bull 3X Shares (ETF) a Sell? The Stock Had Bearish Options Activity Today

 Is Direxion Large Cap Bull 3X Shares (ETF) a Sell? The Stock Had Bearish Options Activity Today

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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