A Reversal for Direxion Shares Exchange Traded Fund Trust Is Not Near. Professional Options Traders Are Bearish

 A Reversal for Direxion Shares Exchange Traded Fund Trust Is Not Near. Professional Options Traders Are Bearish

In today’s session Direxion Shares Exchange Traded Fund Trust (EDC) recorded an unusually high (282) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious EDC decrease. With 282 contracts traded and 3594 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: EDC161118P00037000 closed last at: $0.7 or 55.6% up. Direxion Shares Exchange Traded Fund Trust (NYSEARCA:EDC) has risen 20.41% since April 5, 2016 and is uptrending. It has outperformed by 18.46% the S&P500.

More recent Direxion Shares Exchange Traded Fund Trust (NYSEARCA:EDC) 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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