In today’s session Direxion Large Cap Bull 3X Shares (ETF) (SPXL) recorded an unusually high (217) 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 217 contracts traded and 304 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: SPXL161118P00060000 closed last at: $0.5 or 54.5% down. Direxion Large Cap Bull 3X Shares (ETF) (NYSEARCA:SPXL) has risen 5.64% since April 5, 2016 and is uptrending. It has outperformed by 3.68% 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: Benzinga.com which released: “7 Binary Trades For The End Of 2016” on November 08, 2016, also Etfdailynews.com with their article: “Direxion Announces Modifications To 8 ETFs (BGU, BGZ, MWJ, MWN, TYH, TYP, ERX …” published on June 07, 2012, Etftrends.com published: “ETF Spotlight: Direxion Daily Small Cap Bull 3x Shares (TNA)” on August 29, 2011. More interesting news about Direxion Large Cap Bull 3X Shares (ETF) (NYSEARCA:SPXL) were released by: Prnewswire.com and their article: “Direxion Changes Index for Leveraged India ETF” published on November 04, 2016 as well as Benzinga.com‘s news article titled: “Leveraged ETF Rebalancing: It’s Not As Bad As It Seems” with publication date: October 06, 2015.
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