For example, the energy sector has also been gyrating after the plunge in oil prices and recent rebound in crude, especially the oil exploration and production sub-sector, which has been hardest hit during the energy sell-off. Consequently, traders have played the sudden turns in the sub-sector through the relatively new  Direxion Daily S&P Oil & Gas Exploration & Production Bear 3x Shares (NYSEArca: DRIP), which takes the -3x or -300% daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index, and Direxion Daily S&P Oil & Gas Exploration & Production Bull 3x Shares (NYSEArca: GUSH), the bullish alternative to DRIP.

Similarly, the natural gas market has exhibited heightened volatility as consumers react to changing temperatures. The Direxion Daily Natural Gas Related Bear 3X Shares (NSYEArca: GASX) has previously been a popular bet to capitalize on the misfortunes in the natgas market, but the long Direxion Daily Natural Gas Related Bull 3X (NYSEArca: GASL) has quickly gained traction as investors try to ride a rally.

Looking ahead, the Direxion Daily 20-Year Treasury Bear 3X (NYSEArca: TMV), which takes the inverse -3x or -300% daily performance of the NYSE 20 Year Plus Treasury Bond Index, could also be a great way to play a rising interest rate environment as the Federal Reserve contemplates higher rates.

Financial advisors who are interested in learning more about alternative investment strategies can register for the Thursday, April 6 webcast here.