Today Direxion Small Cap Bull 3X Shares (ETF) Had High Bearish Options Activity

 Today Direxion Small Cap Bull 3X Shares (ETF) Had High Bearish Options Activity

In today’s session Direxion Small Cap Bull 3X Shares (ETF) (TNA) recorded an unusually high (365) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious TNA decrease. With 365 contracts traded and 84564 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: TNA180119P00045000 closed last at: $5.85 or 7.1% down. Direxion Small Cap Bull 3X Shares (ETF) (NYSEARCA:TNA) has risen 49.59% since April 12, 2016 and is uptrending. It has outperformed by 44.61% the S&P500.

Direxion Daily Small Cap Bull 3X Shares , formerly Direxion Small Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the Russell 2000 Index (the Small Cap Index). The ETF has a market cap of $731.88 million. The Small Cap Index measures the performance of the small-cap segment of the United States equity universe, and consists of the smallest 2,000 companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of the Russell 3000 Index. It currently has negative earnings. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.

More notable recent Direxion Small Cap Bull 3X Shares (ETF) (NYSEARCA:TNA) news were published by: Etfdailynews.com which released: “Stop Investing In Leveraged ETFs [Direxion Small Cap Bull 3X Shares (ETF …” on August 19, 2014, also Etfdailynews.com with their article: “Time To Buy Small Caps? [Direxion Daily Small Cap Bear 3X Shares, Direxion …” published on May 15, 2014, Etftrends.com published: “ETF Spotlight: Direxion Daily Small Cap Bull 3x Shares (TNA)” on August 29, 2011. More interesting news about Direxion Small Cap Bull 3X Shares (ETF) (NYSEARCA:TNA) were released by: Benzinga.com and their article: “Leveraged ETF Rebalancing: It’s Not As Bad As It Seems” published on October 06, 2015 as well as Marketwatch.com‘s news article titled: “Direxion Daily Small Cap Bull 3x Shares” with publication date: February 17, 2010.

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