What’s in ProShares Trust Ultra VIX Short Term Futures ETF After Today’s Bearish Options Activity?

 What's in ProShares Trust Ultra VIX Short Term Futures ETF After Today's Bearish Options Activity?

In today’s session ProShares Trust Ultra VIX Short Term Futures ETF (UVXY) recorded an unusually high (1,002) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious UVXY decrease. With 1,002 contracts traded and 3444 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: UVXY170317P00016000 closed last at: $6.6 or 2.3% up. The ETF decreased 0.36% or $0.06 during the last trading session, hitting $16.39. ProShares Trust Ultra VIX Short Term Futures ETF (NYSEARCA:UVXY) has declined 90.02% since March 1, 2016 and is downtrending. It has underperformed by 99.26% the S&P500.

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