In today’s session Direxion Shares Exchange Traded Fund Trust (ERX) registered an unusually high (413) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious ERX increase. With 413 contracts traded and 4234 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ERX161118C00033000 closed last at: $0.7 or 7.7% up. Direxion Shares Exchange Traded Fund Trust (NYSEARCA:ERX) has risen 38.58% since April 7, 2016 and is uptrending. It has outperformed by 33.80% the S&P500.
More recent Direxion Shares Exchange Traded Fund Trust (NYSEARCA:ERX) 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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