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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