Aggressive’ Bullish Options Activity Seen in Direxion Shares Exchange Traded Fund Trust

In today’s session Direxion Shares Exchange Traded Fund Trust (ERX) registered an unusually high (171) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2016 call, expecting serious ERX increase. With 171 contracts traded and 9194 open interest for the Apr, 16 contract, it seems this is a quite bullish bet. The option with symbol: ERX160415C00024000 closed last at: $0.85 or 88.9% up. The stock increased 6.07% or $1.37 on April 8, hitting $23.94. Direxion Shares Exchange Traded Fund Trust (NYSEARCA:ERX) has declined 20.33% since September 2, 2015 and is downtrending. It has underperformed by 25.40% the S&P500.

Aggressive' Bullish Options Activity Seen in Direxion Shares Exchange Traded Fund Trust

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