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.
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