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SPXL Bullish Call Spread at $2.00 Appears to be a Good Buy
Market Chameleon (Tue, 23-Apr 6:40 AM ET)
The Large Cap Bull 3X ETF seeks daily investment results before fees and expenses of 300% of the price performance of the Russell 1000 Index (Large Cap Index). There is no guarantee the fund will meet its stated investment objective.
Direxion Daily S&P 500 Bull 3X ETF trades on the ARCA stock market under the symbol SPXL.
As of March 19, 2026, SPXL stock price declined to $192.54 with 646,233 million shares trading.
SPXL has a beta of 3.00, meaning it tends to be more sensitive to market movements. SPXL has a correlation of 0.99 to the broad based SPY ETF.
SPXL has a market cap of $4.89 billion. This is considered a Mid Cap stock.
In the last 3 years, SPXL traded as high as $234.09 and as low as $63.17.
SPXL has outperformed the market in the last year with a return of +36.6%, while the SPY ETF gained +18.7%. However, in the most recent history, SPXL shares have underperformed the stock market with its stock returning -10.2% in the last 3 month period and -11.8% for the last 2 week period, while SPY has returned -2.1% and -3.9%, respectively.
SPXL support price is $189.14 and resistance is $201.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPXL shares will trade within this expected range on the day.
