3856 FAS Jan 2016 31 calls went up in 1 block on the ISE Gemini through autoex
Shares of Direxion Daily Financial Bull 3x ETF (FAS) are up 27.82 to .41.? FAS is near the middle of the 52 week range.
- Paper traded 3856 FAS Jan 2016 31 calls at .58.?
- The ADV is 12563 contracts.?
- The OI is 10499 contracts.
The volume went up in 1 block on the ISE Gemini through autoex. ?Substatial volume went up on the Jan 27.5s as well that looked buy.? Overall the trade looks like a short cover and re-establishing at a higher price due to the recent market weakness.? The ratio is rough buying 1 to close and selling 2 to open.?? There is high OI so the most likely scenario is a close and roll up.? This could be opening 1 x 2 for a debit and the trade would still be bullish in nature just not expecting a huge move up.
- IV 30 is trading 55%.?
- HV10 is trading for 69%.
- IV 30 is trading below the HV 10.
Direxion Daily Financial Bull 3x Shares seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index (the Index). The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market.