ATML Earnings Action

Direxion Shares 3x Exchange-Traded Funds made their debut in the ETF space on Nov. 5. The new ETFs are a group of leveraged bull and bear index funds that seek 300% of the daily performance, or 300% of the inverse of the daily performance (before fees and expenses) of the four distinct Russell indexes they benchmark whether it may be large cap, small cap, energy or financials. The ETF’s have only recently become more active with better trading volume and more liquid bid and ask spreads. For investors that hate fighting premium and who are fearful of the time decay and other risks that come with options investing, these ETF’s can be an excellent alternative to the derivative world as they too offer a tremendous amount of leverage.