How Analysts Feel About Direxion Daily Small Cap Bear 3X Shares After Today’s Bullish Options Activity?

 How Analysts Feel About Direxion Daily Small Cap Bear 3X Shares After Today's Bullish Options Activity?

In today’s session Direxion Daily Small Cap Bear 3X Shares (TZA) registered an unusually high (1,218) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious TZA increase. With 1,218 contracts traded and 414 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TZA161118C00024000 closed last at: $0.92 or 61% down. Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) has declined 42.90% since April 13, 2016 and is downtrending. It has underperformed by 46.83% the S&P500.

Direxion Daily Small Cap Bear 3X Shares seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the Russell 2000 Index (the Small Cap Index). The company has a market cap of $398.41 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 recent Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) news were published by: Marketwatch.com which released: “Direxion Daily Small Cap Bear 3x Shares” on December 22, 2009. Also Etfdailynews.com published the news titled: “Time To Buy Small Caps? [Direxion Daily Small Cap Bear 3X Shares, Direxion …” on May 15, 2014. Etfdailynews.com‘s news article titled: “Marc Faber: Stocks Could Crash 30% [Dow Jones Industrial Average, Direxion …” with publication date: July 09, 2014 was also an interesting one.

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