Direxion Daily Natural Gas R Bull 2X ETF on Focus After Bearish Options Activity

 Direxion Daily Natural Gas R Bull 2X ETF on Focus After Bearish Options Activity

In today’s session Direxion Daily Natural Gas R Bull 2X ETF (GASL) recorded an unusually high (491) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious GASL decrease. With 491 contracts traded and 2074 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: GASL161216P00038000 closed last at: $3.1 or 29.5% down. Direxion Daily Natural Gas R Bull 2X ETF (NYSEARCA:GASL) has risen 22.33% since April 21, 2016 and is uptrending. It has outperformed by 17.00% the S&P500.

Direxion Daily Natural Gas Related Bull 3X Shares seeks daily investment results of 300% of the performance of the ISE Revere Natural Gas Index . The ETF has a market cap of $75.90 million. The ISE-REVERE Natural Gas Index has been created to provide investors with a product allowing them to quickly take advantage of both event-driven news and long term trends in the natural gas industry. It currently has negative earnings. The securities selected for the index derive a substantial portion of their revenues from the exploration and production of natural gas.

More notable recent Direxion Daily Natural Gas R Bull 2X ETF (NYSEARCA:GASL) news were published by: Benzinga.com which released: “Gold Miners ETFs Are Getting Smoked” on November 18, 2015, also Etftrends.com with their article: “Direxion to Split 19 ETFs, Including Eight Reverse Splits” published on April 21, 2015, Benzinga.com published: “Energy Rebound Sparks Leveraged ETF Action” on October 12, 2015. More interesting news about Direxion Daily Natural Gas R Bull 2X ETF (NYSEARCA:GASL) were released by: Etftrends.com and their article: “Leveraged and Inverse ETFs to Trade Events” published on March 23, 2016 as well as Bloomberg.com‘s news article titled: “This ETF is Rated R” with publication date: June 04, 2014.

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