What’s Ahead for Direxion Shares Exchange Traded Fund Trust After Today’s Bearish Options Activity?

 What's Ahead for Direxion Shares Exchange Traded Fund Trust After Today's Bearish Options Activity?

In today’s session Direxion Shares Exchange Traded Fund Trust (NUGT) recorded an unusually high (294) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious NUGT decrease. With 294 contracts traded and 20004 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: NUGT170120P00012000 closed last at: $2.7 or 8% up. Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) has risen 1.76% since March 29, 2016 and is uptrending. It has underperformed by 1.71% the S&P500.

More recent Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) 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 the news titled: “The Direxion Shares Exchange Traded Fund Trust (DUST) Is Flying!” on October 04, 2016. Learnbonds.com‘s news article titled: “Feds Adopt Hawkish Stand: Gold, Direxion Shares Exchange Traded Fund Trust …” with publication date: August 29, 2016 was also an interesting one.

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