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

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

In today’s session Direxion Shares Exchange Traded Fund Trust (NUGT) registered an unusually high (422) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious NUGT increase. With 422 contracts traded and 1524 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: NUGT161118C00016500 closed last at: $0.5 or 23.1% down. Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) has declined 1.42% since April 8, 2016 and is downtrending. It has underperformed by 7.07% the S&P500.

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