Direxion Daily Large Cap Bear 3X Shares Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Direxion Daily Large Cap Bear 3X Shares Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session Direxion Daily Large Cap Bear 3X Shares (SPXS) registered an unusually high (1,312) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SPXS increase. With 1,312 contracts traded and 30994 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SPXS170120C00012000 closed last at: $1.85 or 23.3% up. Direxion Daily Large Cap Bear 3X Shares (NYSEARCA:SPXS) has declined 11.24% since April 1, 2016 and is downtrending. It has underperformed by 12.45% the S&P500.

Direxion Daily S&P 500 Bear 3X Shares ETF, formerly Direxion Daily S&P 500 Bear 3X Shares, seeks daily investment results of 300% of the inverse of the price performance of the S&P 500 Index. The company has a market cap of $484.42 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 important recent Direxion Daily Large Cap Bear 3X Shares (NYSEARCA:SPXS) 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 Etfdailynews.com published article titled: “Time To Buy Small Caps? [Direxion Daily Small Cap Bear 3X Shares, Direxion …”, Marketwatch.com published: “Direxion Daily Junior Gold Miners Index Bear 3X Shares” on October 09, 2013. More interesting news about Direxion Daily Large Cap Bear 3X Shares (NYSEARCA:SPXS) was released by: Etftrends.com and their article: “New ETFs Take a Bold Approach to China A-Shares” with publication date: April 14, 2015.

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