It Seems Direxion Large Cap Bull 3X Shares (ETF) Will Go Up. Had Bullish Options Activity

 It Seems Direxion Large Cap Bull 3X Shares (ETF) Will Go Up. Had Bullish Options Activity

In today’s session Direxion Large Cap Bull 3X Shares (ETF) (SPXL) registered an unusually high (678) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious SPXL increase. With 678 contracts traded and 6314 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: SPXL180119C00105000 closed last at: $17.9 or 3.5% up. Direxion Large Cap Bull 3X Shares (ETF) (NYSEARCA:SPXL) has risen 18.71% since April 28, 2016 and is uptrending. It has outperformed by 12.78% the S&P500.

Direxion Daily S&P 500 Bull 3X Shares, formerly Direxion Daily Large Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the S&P 500 Index. The ETF has a market cap of $479.29 million. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. It currently has negative earnings. Standard & Poor’s selects the 500 stocks comprising the Index on the basis of market values and industry diversification.

More important recent Direxion Large Cap Bull 3X Shares (ETF) (NYSEARCA:SPXL) news were published by: Etfdailynews.com which released: “Direxion Announces Modifications To 8 ETFs (BGU, BGZ, MWJ, MWN, TYH, TYP, ERX …” on June 07, 2012, also Benzinga.com published article titled: “Leveraged ETF Rebalancing: It’s Not As Bad As It Seems”, Benzinga.com published: “These Leveraged Sector ETFs Merit Attention As Clinton Pushes Ahead” on October 04, 2016. More interesting news about Direxion Large Cap Bull 3X Shares (ETF) (NYSEARCA:SPXL) was released by: Seekingalpha.com and their article: “Volatility Targeting Strategy Using 3X Leveraged Equity And Treasury ETFs” with publication date: July 11, 2016.

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