Traders See Bearish Options Activity Direxion Large Cap Bull 3X Shares (ETF)

 Traders See Bearish Options Activity Direxion Large Cap Bull 3X Shares (ETF)

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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