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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