Could Direxion Shares Exchange Traded Fund Trust Decline After Today’s Tip From Option Traders?

 Could Direxion Shares Exchange Traded Fund Trust Decline After Today's Tip From Option Traders?

In today’s session Direxion Shares Exchange Traded Fund Trust (DUST) registered an unusually high (2,025) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious DUST increase. With 2,025 contracts traded and 20524 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: DUST161118C00041000 closed last at: $2.15 or 55.2% down. Direxion Shares Exchange Traded Fund Trust (NYSEARCA:DUST) has risen 325.21% since April 11, 2016 and is uptrending. It has outperformed by 319.07% the S&P500.

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